February 14, 2008
FIRST CLASS AND REGISTERED MAIL
Mr. Kevin Minich
49 East Street
Granby, CT 06035
Re: Denial of Originator Registration
Dear Mr. Minich:
On December 6, 2007, First World Mortgage Corporation (“First World Mortgage”) filed a New Application for Registration of Loan Originators with the Consumer Credit Division (“Division”) of this department seeking to register you as a loan originator. First World Mortgage is currently licensed as a first mortgage lender/broker and secondary mortgage lender/broker under Part I of Chapter 668 of the Connecticut General Statutes, “Mortgage Lenders, Brokers and Originators”. Pursuant to Section 36a-489(b) of the Connecticut General Statutes, I hereby deny the registration for the reason set forth below.
Section 36a-489(b) of the Connecticut General Statutes requires me to register an originator unless I find, among other things, that the character and integrity of such originator are not such as to warrant belief that registration would be in the public interest and consistent with the purposes of Sections 36a-485 to 36a-498a, inclusive, of the Connecticut General Statutes. If I deny the registration, I must notify the originator and the applicant of the denial and the reasons for such denial.
In response to Question 1(a) on the Loan Originator Addendum Form, which asked “[h]ave you ever been: (a) convicted of or pled guilty or nolo contendere (‘no contest’) in a domestic, foreign, or military court to any misdemeanor or felony (not including motor vehicle traffic misdemeanors)?”, you only indicated that you were charged with possession of a hallucinogenic substance in August 2000 and convicted of violating your probation in 2003 and served one year of incarceration. Pursuant to the authority granted to me by Section 36a-17 of the Connecticut General Statutes, I have reviewed your criminal history record in Connecticut, which disclosed that you were convicted for sexual assault on October 15, 1997, and were sentenced to one year jail, ninety days to serve and three years probation. Your criminal history also disclosed that as a result of the August 2000 possession charge, on March 15, 2002, you were convicted of possession of a hallucinogenic substance and were sentenced to two years jail, two years suspended and eighteen months probation. In addition, your prior probation was revoked and you were sentenced to one year in jail.
Section 36a-53a of the Connecticut General Statutes provides, in pertinent part, that:
No person shall make or cause to be made . . . in any document filed with the commissioner . . . any statement which is, at the time and in the light of the circumstances under which it is made, false or misleading in any material respect.
Based on the facts mentioned above, I find that you have made in a document filed with me a statement which is, at the time and in the light of the circumstances under which it was made, misleading in a material respect in violation of Section 36a-53a of the Connecticut General Statutes. Therefore, I am unable to find that your character and integrity are such as to warrant belief that granting you registration as an originator will be in the public interest and consistent with the purposes of Sections 36a-485 to 36a-498a, inclusive, of the Connecticut General Statutes.
Very truly yours,
Howard F. Pitkin
Registered Mail No. RB028034548US
cc: First World Mortgage Corporation