Notice Of Possible Unlicensed Mortgage Lenders And Brokers

The following companies' applications to renew their licenses were denied and are no longer authorized to conduct business as mortgage brokers:

The following companies did not submit applications to renew their licenses and are no longer authorized to conduct business as mortgage lenders or as mortgage brokers:

The following companies have either surrendered their licenses or have notified the Division of Banks, in writing, that they did not intend to renew their licenses and have certified that they are no longer conducting residential mortgage operations or exempt from licensing as a mortgage lender or as a mortgage broker under the provisions of M.G.L c. 255E, §2:

Consumers need to know that they may be dealing with companies who are unlicensed and are not authorized to act as a mortgage lender or mortgage broker. In addition, it is also an unfair and deceptive act for a licensed mortgage lender or mortgage broker to conduct business with a person or company which is not licensed.

Consumers who encounter problems during the mortgage process can call the Division of Banks for assistance. Anyone wishing to verify the licensing status of a mortgage lender or mortgage broker can call the Division of Banks' Consumer Hotline at (800) 495-BANK (2265) extension 1501. Consumers can also inquire as to whether there are any complaints outstanding against a licensed mortgage lender or mortgage broker.

Any information which a consumer may have relative to potential unlicensed activities should be brought to the attention of:

Division of Banks
Consumer Compliance Unit
One South Station
Boston, MA 02110
(800) 495-BANK (2265) extension 540.