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In the Matter of
OLD COMMONWEALTH MORTGAGE, LLC
and NEAL ELBAUM, individually
Garden City, New York
Mortgage Broker License No. MB4074
The Commissioner of Banks ("Commissioner") having determined that OLD COMMONWEALTH MORTGAGE, LLC and NEAL ELBAUM (collectively, "Old Commonwealth Mortgage" or the "Company"), located at 377 Oak Street, Suite 410, Garden City, New York 11530 has engaged in, or is engaging in, or is about to engage in, acts or practices constituting violations of Massachusetts General Laws chapter 255E and applicable regulations found at 209 CMR 42.00 et seq., hereby issues the following FINDINGS OF FACT AND TEMPORARY ORDER TO CEASE AND DESIST ("TEMPORARY ORDER") pursuant to General Laws chapter 255E, section 7(b).
FINDINGS OF FACT
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 13th day of March, 2007.
By: Steven L. Antonakes
Commissioner of Banks
Commonwealth of Massachusetts