Order  1st New England Mortgage Corp., dba 1st Massachusetts Mortgage Co. Termination Order

Date:	10/06/2009
Organization:	Division of Banks
Docket Number:	2009-118-OTTOCD
Location:	Boston, Massachusetts

WHEREAS, pursuant to General Laws chapter 255E, section (7)(b) and chapter 255F, section 8(b), the Commissioner of Banks issued a FINDINGS OF FACT AND TEMPORARY ORDER TO CEASE AND DESIST, Docket No. 2009-118 (the "Temporary Order"), against 1^st New England Mortgage Corp. d/b/a 1^st Massachusetts Mortgage Co. (“1^st Massachusetts” or the “Licensee”) on October 6, 2009, based upon the Licensee’s failure to obtain and maintain a surety bond, in violation of 209 CMR 42.03(2)(a); and

WHEREAS, in response to the issuance of the Temporary Order, 1^st Massachusetts has obtained and filed with the Division the required surety bond(s) in accordance with the applicable regulations and regulatory bulletins.

IT IS HEREBY ORDERED, that the Temporary Order issued against 1^st Massachusetts, a licensed mortgage lender and mortgage broker under Massachusetts General Laws chapter 255E, section 2, on October 6, 2009, pursuant to Massachusetts General Laws chapter 255E, section 7(b) and chapter 255F, section 8(b), be, and hereby is terminated.

BY ORDER AND DIRECTION OF THE COMMISSIONER OF BANKS:

Dated at Boston, Massachusetts, this sixth day of October, 2009.

 

By:                                                                                         

Steven L. Antonakes

Commissioner of Banks

Commonwealth of Massachusetts