Fraud, misrepresentation, or concealment by the licensee of material facts that are required to be disclosed to a retail buyer under the Retail Installment Sales Act or the Motor Vehicle Retail Installment Sales Act. The Department may deny an application for a license, deny an application for renewal of a license, or suspend or revoke a license on any of the grounds listed in Sections 8.1 through 8.14. In addition, the Department may charge all licensees in accordance with its schedule of fees for the examinations or re-examinations made pursuant to Section 11 of this Act. This expense and cost of examination is in addition to the license fees. If a licensee fails to renew his or her license by the 31st day of December, it shall automatically expire and the licensee is not entitled to a hearing; however, the Director in his or her discretion, may reinstate an expired license upon payment of the annual renewal fee and proof of good cause for failure to renew.
- Personal loans can be a great way to get you the extra cash you need.
- For the purpose of discovering violations of this Act or securing information lawfully required by it, the Department may at any time investigate the business and examine the books, accounts, records, and files of any person acting as a sales finance agency without a license.
- The FHFA in 2011 filed suit first against UBS then against 17 other financial institutions accusing them of misrepresenting about $200 billion in mortgage-backed securities sold to Fannie Mae and Freddie Mac.
- Connect with our team and we can handle the entire hiring process for you.
- Whatever the case may be, it certainly doesn’t hurt to pick up the phone and have a conversation with us.
Today, its field of activity has expanded to include tasks for financial market stabilisation and economic stabilisation. Professional Qualifications supported with full funding and study leave. President Biden replaced Calabria with Sandra L. Thompson as Acting Director, who is expected to end Calabria’s policy of phasing out the conservatorship. 25 Sixth Street is the first homeownership project in Massachusetts to utilize ARPA funding. With the Director’s approval, a licensee may contract for servicing of these accounts.
Finance Assistant
DC MAP is available to provide emergency mortgage support for District homeowners experiencing an unanticipated financial hardship due to sudden decrease or loss of income. All of DCHFA’s homeownership programs are open. DC Open Doors, MCC, DC4ME, and HPAP are all still operational and applications are being accepted, processed and funded/closed while the Agency staff is working remotely. As your finance specialist, we have access to the banks and all of their products, and have spent the time developing relationships with them so you don’t have to.
