offered by
Consent Order

Consent Order Andrew James Johnson

Date: 02/28/2011
Organization: Division of Banks
Docket Number: 2010-380

Table of Contents


Suffolk, SS.

Docket No. 2010-380


In the Matter of

WHEREAS, ANDREW JAMES JOHNSON ("Andrew Johnson"), has been advised of his right to Notice and Hearing pursuant to Massachusetts General Laws chapter 30A, section 10 and chapter 255F, section 11, 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 February 28, 2010, whereby, solely for the purpose of settling this matter, Andrew Johnson 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, on April 5, 2010, pursuant to the authority granted under Massachusetts General Laws chapter 255E, section 8, the Division commenced an examination/inspection ("examination/inspection") of the books, accounts, papers, records, and files maintained by Nationwide Advantage Mortgage Company, Des Moines, Iowa, MA license number ML3357;

WHEREAS, the Division's review of books and records during the examination/inspection revealed that Andrew Johnson originated two (2) Massachusetts residential mortgage loan applications on behalf of Nationwide Advantage Mortgage Company;

WHEREAS, according to the Nationwide Mortgage Licensing System ("NMLS"), Andrew Johnson has never applied for or obtained a Massachusetts mortgage loan originator license; and

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



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

  1. Andrew Johnson shall immediately cease engaging in the activities of a mortgage loan originator as defined in Massachusetts General Laws chapter 255F, section 1, for any entity until he obtains a mortgage loan originator license in Massachusetts and proper sponsorship from an employing entity through the NMLS, unless he qualifies for one of the seven exceptions to the mortgage loan originator's licensing requirements enumerated in the Division's regulation 209 CMR 41.03.
  2. On or before the thirtieth day after the effective date of this Consent Order, Andrew Johnson shall submit a payment of two thousand dollars ($2,000.00) in satisfaction of an administrative penalty collected in consideration of Andrew Johnson originating two residential mortgage loans without being properly licensed as a mortgage loan originator in Massachusetts. Andrew Johnson shall remit payment in full of the amount indicated above, payable to the "Commonwealth of Massachusetts", to the Office of the Commissioner of Banks, 1000 Washington Street, 10 th Floor, Boston, Massachusetts 02118.
  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, any provisions of this Consent Order shall have been modified, terminated, suspended, or set aside by the Commissioner or upon an order of a court of competent jurisdiction.
  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.



Dated at Boston, Massachusetts, this 28th day of February, 2011


By: David J. Cotney
Commissioner of Banks