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Petitioner Lenox Financial Mortgage, LLC ("Lenox Financial") and Respondent Division of Banks ("Division") hereby submit this Joint Stipulation and proposed Order for the Administrative Hearing Officer's approval. WHEREAS, on October 15, 2010, the Division issued a Temporary Order to Cease and Desist, Docket No. 2010-371 (the "Temporary Order") against Lenox Financial based, in part, upon the findings of the Division's examination/inspection of Lenox Financial, which commenced on September 25, 2008 (the "2008 examination/inspection"); WHEREAS, Lenox Financial submitted a request for a hearing by letter dated October 27, 2010; WHEREAS, a status conference was held regarding this matter on February 24, 2010; WHEREAS, for the purpose of settlement of all alleged violations and charges set forth in the Temporary Order without admitting guilt or wrongdoing, Lenox Financial hereby waives its right to complete the formal adjudicative hearing process relative to this matter and waives further appeals to any court in regard to the terms and conditions of this joint stipulation. Stipulation NOW COME the parties in the above-captioned matter, Lenox Financial and the Division, and stipulate and agree as follows:
Respectfully submitted this _4th_ of April , 2011.
Valerie M. Carbone Prosecuting Counsel Division of Banks
Jon M. Shibley for Lenox Financial Mortgage, LLC
IT IS SO ORDERED
Nicole Palumbo, Esq.
Date Administrative Hearing Officer