The Real Deal Miami

Miami mortgage lender fined for unlicensed loans

Jerome Libbin fined $12,500 by Florida Office of Finance Regulation

January 09, 2015 09:45AM

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Mortgage-ApplicationMiami mortgage lender Jerome Libbin has reportedly been fined for making mortgage loans without a license.

Jerome Libbin was faced with an enforcement action by regulators for executing mortgage loans in five transactions without a license between 2012 and 2014, according to published reports.

Libbin, who is registered as a mortgage lender with Bijima Limited Partnership, was not licensed with the Florida Office of Finance Regulation at the time of the charges, the South Florida Business Journal reported. He entered an agreement with regulators on Dec. 31 and will pay a total of $12,500. [South Florida Business Journal]Katherine Kallergis

  • Neil Hartnell

    Choosing a mortgage lender is a tough decision and pretty overwhelming with so many to choose from. It’s definitely important to get recommendations from trusted people, do your research, and most importantly, make sure you can trust your lender – they need to disclose all of the fees you will be charged and be forthcoming about these charges to you. Having a great mortgage lender will streamline the mortgage loan process and make it so much less stressful for you, so the only reason you’ll need to apply to payday loan online store in UK – is some really unexpected situation.

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