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Docket No. 2006-021-CO
In the Matter of
FINTERA CAPITAL CORPORATION
Mortgage Broker License Nos. MB3512; MB3803 and MB4399
This CONSENT ORDER, dated December 6, 2006, is by and between the Division of Banks, through the Commissioner (the "Division")and Fintera Capital Corporation, d/b/a House Funding ("Fintera"):
WHEREAS on or about September 8, 2006 the Division issued Findings of Fact and Temporary Order to Cease and Desist against Fintera (the "Order").
WHEREAS Fintera disputes the Findings of Fact and Conclusions of Law in the Order and has requested a hearing pursuant to M.G.L. c. 30A (the "Dispute").
WHEREAS, Fintera hereby represents and certifies that on the 6th day of December 2006, the Board of Directors of Fintera, at a duly constituted meeting, adopted resolutions authorizing David Burg, on behalf of Fintera as its duly authorized officer, to enter into this Consent Order in the form submitted to Fintera on this date.
WHEREAS the parties desire a consensual resolution to the Order and Dispute along the terms and conditions set forth below.
The parties stipulate and agree as follows:
Dated this 6th day of December, 2006.
The Division of BanksCommonwealth of Massachusetts
By: Steven L. Antonakes
Commissioner of Banks
Commonwealth of Massachusetts
Fintera Capital Corporationd/b/a House Funding
By: David Burg