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COMMONWEALTH OF MASSACHUSETTS
COMMISSIONER OF BANKS
Docket No. 2009-015-MLO
FINDINGS OF FACT AND TEMPORARY
ORDER TO CEASE AND DESIST
In the Matter of
Mortgage Loan Originator License No. MLO42121
The Commissioner of Banks ("Commissioner") having determined that NATALIE VLASOVA., has engaged in, or is engaging in, or is about to engage in, acts or practices constituting violations of Massachusetts General Laws chapter 255F, and applicable regulations found at 209 CMR 41.00 et seq., hereby issues the following FINDINGS OF FACT AND TEMPORARY ORDER TO CEASE AND DESIST ("Temporary Order") pursuant to General Laws chapter 255F, section 8(b).
FINDINGS OF FACT
Unfair or Deceptive Acts and Practices
a. Deceptive Business Practices
Unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce are hereby declared unlawful.
It is a prohibited act or practice for a Licensee to engage in conduct prohibited under 2 09 CMR 42.12A.
It is a prohibited act or practice for a mortgage broker of mortgage lender to falsify income or asset information on a mortgage loan application or mortgage loan documents.
Whenever the commissioner finds that any licensee has violated this chapter or any rule or regulation promulgated thereunder, or any other law of the commonwealth applicable to the conduct of a mortgage loan originator on residential property in the commonwealth, the commissioner may, by order, in addition to any other action authorized under this chapter or any rule or regulation made thereunder, impose a penalty upon the person which shall not exceed $5,000 for each violation up to a maximum of $100,000 for such violation plus the costs of investigation. The commissioner may impose a penalty which shall not exceed $5,000 for each violation of this chapter, or any rule or regulation promulgated hereunder, by a person other than a licensee, plus the costs of investigation.
(a) Borrower A, Borrower B & Loan Originator: Natalie Vlasova - Property Address: Esmond Street Dorchester, Massachusetts
(b) Borrower A & Loan Originator: Natalie Vlasova - Property Address: Hawthorne Street, Roxbury, Massachusetts
(c) Borrower C & Loan Originator: Natalie Vlasova - Property Address: Waumbeck Street, Dorchester, Massachusetts
(d) Borrower D and Loan Originator: Natalie Vlasova - Property Address: Waumbeck Street, Dorchester, Massachusetts
(e) Borrower E, Borrower A and Loan Originator: Natalie Vlasova - Property Address: Boyd Street, Dorchester, Massachusetts
Dynamic Capital knew or should have known that information collected by the Corporation during the processing and/or underwriting of the aforementioned mortgage loans would be relied upon by the mortgage lender, financial institution or investor to which the mortgage loans were brokered and/or sold by Dynamic Capital.
CONCLUSIONS OF LAW
ORDER TO CEASE AND DESIST
BY ORDER AND DIRECTION OF THE COMMISSIONER OF BANKS.
Dated at Boston, Massachusetts, this 16th day of July, 2009
By: Steven L. Antonakes
Commissioner of Banks
Commonwealth of Massachusetts