offered by
Consent Order

Consent Order Jenna Ciccone

Date: 03/02/2011
Organization: Division of Banks
Docket Number: 2010-398-CO

Table of Contents


Suffolk, SS.

Docket No. 2010-398-CO


In the Matter of

Mortgage Loan Originator License No.: MLO177202

WHEREAS, JENNA CICCONE, a licensed Massachusetts mortgage loan originator, has been advised of her 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 March 2, 2010, whereby, solely for the purpose of settling this matter, Jenna Ciccone 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, Jenna Ciccone applied for a Massachusetts mortgage loan originator license on July 30, 2009, and she was approved to originate loans for Massachusetts residential property on August 31, 2010;

WHEREAS, on March 30, 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 Mid-Island Mortgage Corporation, Westbury, New York, license no. MC1259;

WHEREAS, the Division's review of books and records during the examination/inspection revealed that Jenna Ciccone originated two (2) Massachusetts residential mortgage loan applications on behalf of Mid-Island Mortgage Corporation, prior to obtaining her license to originate Massachusetts residential mortgage loans; 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 Jenna Ciccone, and stipulate and agree as follows:

  1. On or before the thirtieth day after the effective date of this Consent Order, Jenna Ciccone shall submit a payment of two thousand dollars ($2,000.00) in satisfaction of an administrative penalty collected in consideration of Jenna Ciccone originating two residential mortgage loans without being licensed or authorized to operate as a mortgage loan originator in Massachusetts. Jenna Ciccone 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.
  2. This Consent Order shall become effective immediately upon the date of its issuance.
  3. 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.
  4. 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 2nd day of March, 2011


By: David J. Cotney
Commissioner of Banks