DOB: Steven Braulio Munoz, Denial of Mortgage Loan Originator License

November 23, 2009
 
FIRST CLASS AND CERTIFIED MAIL
 

Mr. Steven Braulio Munoz
28 Washington Mews
Port Chester, NY 10573
 
Re: Denial of Mortgage Loan Originator License
 
Dear Mr. Munoz:
 
On May 9, 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 Continental Home Loans Inc., which is currently licensed as a mortgage lender 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 reason set forth below.
 
Section 36a-489(b)(1)(B) 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 “notwithstanding the provisions of section 46a-80, . . . not been convicted of, or pled guilty or nolo contendere to, a felony in a domestic, foreign or military court during the seven-year period preceding the date of the application for licensing or at any time preceding such date of application if such felony involved an act of fraud, dishonesty, a breach of trust or money laundering, provided any pardon of a conviction shall not be a conviction for purposes of this subdivision”.  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)(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 “yes.”  Pursuant to the authority granted to me by Section 36a-17 of the Connecticut General Statutes, I have reviewed your criminal history record, which disclosed that on February 18, 2004, you were convicted of DWI (a class E felony) in Westchester County Court.  Because  this felony conviction is within the seven-year period preceding the date of your application for licensing, I am prohibited by law from issuing you a mortgage loan originator license.
 
For the reason stated above, I am unable to issue you a mortgage loan originator license.
 
Very truly yours,
 
Howard F. Pitkin
Banking Commissioner
 
HFP/SLV/td
 
Certified Mail No. 7007 1490 0004 3509 7413
 
cc: Continental Home Loans Inc.