Powered by The Atlanta Journal-Constitution

Web Search by YAHOO!
 

Posted: 6:03 p.m. Monday, Aug. 19, 2013

Company told to stop mortgage activity

  • comment(8)

By Arielle Kass

The Atlanta Journal-Constitution

After continuing to solicit and negotiate mortgage loans without a license — after being told to stop in 2011 — the National African American Relationships Institute, Inc. was again told to cease the activity.

The organization, also known as NAARI Housing Counseling Agency, was enjoined late last month from engaging in residential mortgage activity by the Superior Court of DeKalb County.

It had violated a cease and desist order from the Georgia Department of Banking and Finance that had been active since Dec. 21, 2011, the department said in a statement.

In April, the department filed to obtain a court order to stop the continued violations. The court issued a final order July 30.

NAARI does not have a Georgia license and is not exempt from licensure, the department said. It is therefore prohibited from negotiating mortgage loans, including any renewal or refinancing.

  • comment(8)

More News

 

Today on MyAJC.com

Botanical Garden’s ‘scarecrows’ are stuffed with silliness

Botanical Garden’s ‘scarecrows’ are stuffed with silliness

Native Americans are said to have created the first scarecrows on these shores to protect their corn crops from the scavenging black birds.

Paul Howard

DA’s spending of federal forfeiture money in question

Finances of the Fulton County District Attorney’s Office were in such chaos in recent years that even its most basic bills went unpaid.

Comments  (8)  

myajc logo 300x225

New 24-hour Digital Pass: Sample all of MyAJC.com for 99 cents

With a 24-hour digital pass, you can enjoy full versions of premium articles, news updates and access to the AJC online archives.