In the following September 16, 2008 press release, the Georgia Department of Banking and Finance’s (“Department’s”) announced that its Order to Cease and Desist issued to Aaliyah Shaheed of Stone Mountain, Georgia, became final.  

Ms. Shaheed was issued an Order to Cease and Desist by the Department for making misrepresentations in loan files submitted to mortgage lenders while she was employed by First Fidelity Finance, LLC.  The Department revoked the mortgage broker’s license of First Fidelity Finance, LLC, Inc. effective September 9, 2008.      

Pursuant to state law that was in effect when the violations underlying the Order to Cease and Desist were committed, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding five years if the Order resulted from misrepresentations being made in loan documents.