DOB: Patrick B. Kelly, Jr., Denial of Mortgage Loan Originator License

June 3, 2009
 
FIRST CLASS AND CERTIFIED MAIL
 

Mr. Patrick B. Kelly, Jr.
140 Lorraine Street, 2nd Floor
Bridgeport, CT 06604
 
Re: Denial of Mortgage Loan Originator License
 
Dear Mr. Kelly:
 
On November 5, 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 Landmark Capital Mortgage, LLC, 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(F)(1) of the Form MU4, 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 fraud, false statements, or omissions . . .?”, 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 you were convicted of False Report in the 2nd degree on March 3, 2005 (Misd-A), and were sentenced to six-months jail, six-months suspended and two years 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/ag
 
Certified Mail No. 70031680000085235444
 
cc: Landmark Capital Mortgage, LLC