DOB: Linda Ann Valentine, Denial of Mortgage Loan Originator License

March 9, 2009
 
FIRST CLASS AND CERTIFIED MAIL
 

Ms. Linda Ann Valentine
244 Walnut Street, 2nd Floor
Winsted, CT 06098
 
Re: Denial of Mortgage Loan Originator License
 
Dear Ms. Valentine:
 
On October 3, 2008, you filed a Form MU4, “Uniform Individual Mortgage License/Registration & Consent Form” (“Form MU4”), with the Nationwide Mortgage Licensing System seeking to obtain a mortgage loan originator license in Connecticut.  Your sponsoring company is NA Nationwide Mortgage, which is currently licensed as a mortgage broker under Part I of Chapter 668 of the Connecticut General Statutes, “Mortgage Lenders, Correspondent Lenders, Brokers and Loan Originators”.  Pursuant to Section 36a-489(b) of the Connecticut General Statutes, I hereby deny the license for the reason set forth below.
 
Section 36a-489(b) of the Connecticut General Statutes requires me to license a mortgage loan originator unless I find, among other things, that the mortgage loan originator has made a material misstatement in the application for a mortgage loan originator license.  If I deny the license, I must notify the proposed mortgage loan originator of the denial and the reasons for such denial.
 
In response to Question 8(D)(1) of the Form MU4, which asked “[h]ave you ever:  (1) been convicted of or pled guilty or nolo contendere (‘no contest’) in a domestic, foreign, or military court to any felony?”, you answered “[n]o”.  Also in response to Question 8(F)(1), which asked, in pertinent part, “[h]ave you ever been convicted of or pled guilty or nolo contendere (‘no contest’) in a domestic, foreign, or military court to a misdemeanor involving . . . any theft or wrongful taking of property . . . ?”, you answered “[n]o”.  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, among other crimes, on November 28, 2001, you were convicted of larceny in the third degree (Class D felony), and were sentenced to three (3) years jail, three (3) years suspended and three (3) years probation.  Your criminal history also disclosed that on November 28, 2001, you were convicted larceny in the fourth degree (Class A misdemeanor), and were sentenced to one (1) year jail, one (1) year suspended and one (1) year probation.
 
Based on the facts mentioned above, I find that you have made a material misstatement in your application for a mortgage loan originator license.  Therefore, I am unable to grant you a license as a mortgage loan originator.
 
Very truly yours,
 
Howard F. Pitkin
Banking Commissioner
HFP/DK/td
 
Certified Mail No. 7099 3400 0009 0180 2758
 
cc: NA Nationwide Mortgage