DOB: Richard Victor Dalfino Jr., Denial of Mortgage Loan Originator License

November 23, 2009

Mr. Richard Victor Dalfino Jr.
104 Albert Avenue
Wethersfield, CT  06109
Re: Denial of Mortgage Loan Originator License
Dear Mr. Dalfino:
On April 7, 2009, 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 Primerica Financial Services Home Mortgages, Inc., 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 of the Connecticut General Statutes, as amended by Public Acts 09-207, 09-208 and 09-209, I hereby deny the license for the reasons set forth below.
Section 36a-489(b)(1) of the Connecticut General Statutes, as amended, prohibits me from issuing an initial license for a mortgage loan originator unless I find, at a minimum, among other things, that the applicant has “(F) not made a material misstatement in the application.”  If I deny the license, I must notify the applicant and may notify the sponsor of the denial and the reasons for such denial.
In response to Question 8(D)(2) of the Form MU4, which asked, “[h]ave you ever: . . . (2) been charged with a felony?”, you answered, “no.”  In response to Question 8(F)(1) of the Form MU4, which asked, “[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:  financial services or a financial services-related business; any fraud, false statements, or omissions; any theft or wrongful taking of property; bribery; perjury; forgery; counterfeiting; extortion; or a conspiracy to commit any of these offenses?”, you answered, “no.”  (Emphasis added.)  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 in 1980 you were originally charged with Burglary 3rd degree (a class D felony) and Larceny 2nd degree (a class D felony), and pled guilty to Larceny 3rd degree (a class B misdemeanor).
Based on your responses to Questions 8(D)(2) and 8(F)(1) on the Form MU4 and the criminal history record described above, I find that you made material misstatements in your application which prohibit me from issuing you a mortgage loan originator license.
For the reasons stated above, I am unable to issue you a mortgage loan originator license.
Very truly yours,
Howard F. Pitkin
Banking Commissioner
Certified Mail No. 7007 1490 0004 3509 7369
cc: Primerica Financial Services Home Mortgages, Inc.