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In the Matter of
GO-MORE FINANCIAL, INC.
Debt Collector License No. DC 0835
The Commissioner of Banks ("Commissioner") having determined that GO-MORE FINANCIAL, INC. ("Go-More" or the "Corporation"), located at 605 Highway 55E, Suite C Buffalo, Minnesota 55313 have engaged, or are engaged in, or are about to engage in, acts or practices constituting violations of Massachusetts General Laws chapter 93, and applicable regulations found at 209 CMR 18.00 et seq., hereby issues the following FINDINGS OF FACT AND TEMPORARY ORDER TO CEASE AND DESIST ("TEMPORARY ORDER") pursuant to General Laws chapter 93, section 24(J).
FINDINGS OF FACT
A Debt Collector, or registered third party loans servicer, if applicable shall notify the Commissioner immediately, and in writing within one business day, of the occurrence of any of the following significant developments: . . . (c) Notification of the institution of license denial, cease and desist, suspension or revocation procedures, or other formal or informal regulatory action, in any state against the debt collector or registered third party loan servicer, and the reasons thereof.
CONCLUSIONS OF LAW
ORDER TO CEASE AND DESIST
After taking into consideration the FINDINGS OF FACT and CONCLUSIONS OF LAW stated herein, it is hereby:
By ORDER AND direction of the Commissioner of Banks.
Dated at Boston, Massachusetts, this 12th day of September 2006.
Steven L. Antonakes
Commissioner of Banks