DOB: Allied Financial Services, LLC, Ayeshah Malik, Order of Withdrawal of Order of Summary Suspension

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IN THE MATTER OF:

ALLIED FINANCIAL SERVICES, LLC
("Allied")

AYESHAH MALIK
("Malik")

    (collectively "Respondents")

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ORDER OF WITHDRAWAL OF
ORDER OF SUMMARY SUSPENSION

 

WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of Part I of Chapter 668, Sections 36a-485 to 36a-534c, inclusive, of the Connecticut General Statutes, “Mortgage Lenders, Correspondent Lenders, Brokers and Loan Originators”;
 
WHEREAS, the Commissioner, through the Consumer Credit Division of the Department of Banking (“Department”), conducted an investigation pursuant to Section 36a-17 of the Connecticut General Statutes into the activities of Respondents to determine if they had violated, were violating or were about to violate the provisions of the Connecticut General Statutes within the jurisdiction of the Commissioner;
 
WHEREAS, on April 9, 2009, the Commissioner, acting pursuant to Sections 36a-52(b), 4-182(c), 36a-494(a)(1), 36a-494(a)(1)(B), 36a-494(a)(1)(C), 36a-51, 36a-494(b), 36a-52(a) and 36a-50(a) of the Connecticut General Statutes, issued a Temporary Order to Cease and Desist, Order of Summary Suspension, Notice of Intent to Revoke Mortgage Broker License, Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (collectively “Order”) against Respondents, which Order is incorporated by reference herein;
 
WHEREAS, the Order alleged that Respondents, in violation of Sections 36a-17(d) and 36a-493(a) of the Connecticut General Statutes, failed to provide copies of certain loan files that examiners from the Department required to be produced and failed to otherwise furnish the examiners with unrestricted access to the records of Allied;
 
WHEREAS, on September 24, 2009, Malik delivered requested loan files to the Department;

AND WHEREAS, on October 14, 2009, Respondents furnished personnel from the Department with unrestricted access to the records of Allied.
 
NOW THEREFORE, the Commissioner hereby ORDERS that the Order of Summary Suspension of the license of Allied Financial Services, LLC to act as a mortgage broker in Connecticut from 83 East Avenue, Suite 206, Norwalk, Connecticut, issued on April 9, 2009, is hereby WITHDRAWN.

 

 

  
Dated at Hartford, Connecticut
this 22nd day of October 2009.                     ________/s/_________
                                                               Howard F. Pitkin
                                                               Banking Commissioner


This Order was mailed by certified mail,
return receipt requested, to
Respondent’s attorney on
October 22, 2009.


L. Morris Glucksman, Esq.        Certified Mail No. 70031680000085235666
Patriot National Bank Building
900 Bedford Street, 3rd Floor
Stamford, CT 06901


Administrative Orders and Settlements