By the Division of Banks

COMMONWEALTH OF MASSACHUSETTS

Suffolk, SS.

COMMISSIONER OF BANKS
MORTGAGE LOAN
ORIGINATOR LICENSING
Docket No. 2010-024-CO

CONSENT ORDER


In the Matter of
JOHN CIESINSKI

Mortgage Loan Originator License No.: MLO50305


WHEREAS, JOHN CIESINSKI, a licensed mortgage loan originator under Massachusetts General Laws chapter 255F, section 2 and 209 CMR 41.00 et seq., has been advised of his right to Notice and Hearing pursuant to Massachusetts General Laws chapter 30A, section 10 and chapter 255F, section 11(b), and having waived those rights, entered into a STIPULATION AND CONSENT TO THE ISSUANCE OF A CONSENT ORDER ("Consent Agreement") with representatives of the Division of Banks ("Division") dated August 4, 2010, whereby, solely for the purpose of settling this matter, and without admission of any violation of law John Ciesinski agrees to the issuance of this CONSENT ORDER ("Consent Order") by the Commissioner of Banks ("Commissioner");

WHEREAS, the Division, through the Commissioner, has jurisdiction over the licensing and regulation of persons and entities engaged in the business of a mortgage loan originator in Massachusetts pursuant to Massachusetts General Laws chapter 255F, section 2;

WHEREAS, the Commissioner initially approved a mortgage loan originator license, license number MLO50305 for John Ciesinski to engage in the business of a mortgage loan originator on December 18, 2008;

WHEREAS, the sole employer of record in the Nationwide Mortgage Licensing System ("NMLS") maintains John Ciesinski's mortgage loan originator license, which authorizes John Ciesinski to originate mortgage loans for such employer in the Commonwealth of Massachusetts;

WHEREAS, John Ciesinski's employing entity of record in the NMLS has at all relevant times been Mortgage Master, Inc., license no. MC0226, located at 102 Elm Street, Walpole, MA, 02081;

WHEREAS, on February 9, 2009, pursuant to the authority granted under Massachusetts General Laws chapter 255E, section 8, the Division commenced an examination/inspection ("2009 examination/inspection") of the books, accounts, papers, records, and files that Mortgage Master, Inc. maintained;

WHEREAS, the Division's review of books and records during the 2009 examination/inspection resulted in an allegation by the Division that John Ciesinski originated twenty-two residential mortgage loans on behalf of Mortgage Master, Inc. at times during which, according to his attested NMLS record, he was not licensed as a mortgage loan originator in Massachusetts;

WHEREAS, by contemporaneous agreement set forth in the Settlement Agreement, Docket No. 2010-044, entered between Mortgage Master and the Division (the "Settlement Agreement"), Mortgage Master, without admitting any violation of law occurred, agreed to satisfy any administrative penalty assessed against John Ciesinski in consideration of the alleged mortgage loan originator licensing violations described above; and

WHEREAS, the parties now seek to resolve by mutual agreement, the aforementioned matters.

ORDER

NOW COME the parties in the above-captioned matter, the Division and John Ciesinski, and stipulate and agree as follows:

  1. Pursuant to the provisions of the Settlement Agreement, Mortgage Master, without any requirement or obligation to do so, agreed to satisfy an administrative penalty in the amount of twenty two thousand dollars ($22,000.00) which was assessed against John Ciesinski in consideration of his act(s) of originating residential mortgage loan(s) when he was not licensed as a mortgage loan originator in Massachusetts.
  2. John Ciesinski shall comply with all laws and regulations applicable to his conducting the business of a mortgage loan originator, including, but not limited to, Massachusetts General Laws chapter 255F, and the Division's regulation 209 CMR 41.00. Such obligations shall include a duty to ensure strict compliance with Massachusetts General Laws chapter 255F, section 2, which states, in part: "No individual shall act as a mortgage loan originator with respect to any dwelling unless such person has first obtained a mortgage loan originator license from the commissioner..."
  3. This Consent Order shall become effective immediately upon the date of its issuance.
  4. The provisions of this Consent Order shall remain effective and enforceable except to the extent that, and until such time as the Commissioner or a court of competent jurisdiction modifies, terminates, suspends, or sets aside any provision of this Consent Order.
  5. This Consent Order and the Consent Agreement are the complete documents that represent the resolution of this matter. There are no other agreements, promises, representations, or warranties other than those set forth in this Consent Order and the Consent Agreement.

BY ORDER AND DIRECTION OF THE COMMISSIONER OF BANKS.

Dated at Boston, Massachusetts, this 4th day of August, 2010

By: Steven L. Antonakes
Commissioner of Banks
Commonwealth of Massachusetts