Georgia Department of Banking and Finance Obtains a Court Order against Mortgage First, LLC to Prohibit this Entity from Violating a Cease and Desist Order

Atlanta, GA – November 3, 2009 – (RealEstateRama) — On October 26, 2009, the DeKalb County Superior Court issued a Final Consent Order enjoining Mortgage First, LLC of Layton, Utah, from further violation of the Department of Banking and Finance’s (“Department’s”) order requiring that it cease and desist from engaging in unlicensed residential mortgage activities in Georgia.On October 15, 2007, a Cease and Desist Order issued by the Department became final against Mortgage First, LLC after it was determined that this company was engaging in residential mortgage activities without the appropriate license. After the Cease and Desist Order became final, Mortgage First, LLC continued to engage in mortgage broker and lending activities for which a license was required by the Department.