Department Accepts the Surrender of the License of SunnyMTG.com 866-768-CASH, LLC and Issues Order Against its Owner, Sumit Gaddh

Atlanta, GA – November 5, 2009 – (RealEstateRama) — On December 18, 2008, the Georgia Department of Banking and Finance (“Department”) agreed to a settlement with SunnyMTG.com 866-768-CASH, LLC (“SunnyMTG”), License Number 20422, located at 1910 East Oakland Park Boulevard, Fort Lauderdale, FL 33306, and its owner Sumit Gaddh, to resolve alleged violations of the Georgia Residential Mortgage Act and agency rules.


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The Department of Banking and Finance (Department) is the state agency that regulates and examines banks, credit unions, and trust companies chartered by the State of Georgia. The Department also has regulatory and/or licensing authority over mortgage brokers, lenders, processors and originators; money service businesses; international banking organizations, and bank holding companies conducting business in Georgia

Contact:

Department of Banking and Finance
2990 Brandywine Road
Suite 200
Atlanta, Georgia 30341-5565

Phone: (770) 986-1633
Toll Free: (888) 986-1633

Rod Carnes, Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371

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