State Takes Action Against Four Mortgage Licensees:

Revokes Licenses and Issues Fines Totaling $28,500

The Division of Mortgage Lending continues to vigorously discipline licensees who have violated NRS 645B.  It recently revoked the licenses of four Las Vegas licensees and fined them a combined amount of $28,500.

Revocation actions were taken against the following mortgage agents and brokers for violations ranging from failure to properly maintain records to commingling of funds to unlicensed activity:

·        Robert Hostetler – $1,000 fine and license revoked

·        Robert Bartusiak - $2,500 fine and license revoked

·        Home Sure Mortgage, Inc., and Daniel Santoli - $10,000 fine and broker license revoked

·        Milorad Zarkovacki - $15,000 fine and license revoked

“We are committed to taking strong action against licensees who violate our laws,” said Mortgage Lending Commissioner Joseph Waltuch.  “We will continue to penalize bad actors in order to maintain the integrity of the mortgage industry.”

For more information about the Division of Mortgage Lending, visit http://mld.nv.gov/index.htm. 

Department of Business & Industry Now on Twitter

The Nevada Department of Business & Industry (B&I) today announced that it has created an account on the micro-blogging site Twitter.

“Our participation on Twitter is part of our strategy to expand how we provide information,” said Director Dianne Cornwall. “B&I’s agencies touch almost every industry in Nevada, and this is another way to extend our communication reach, especially when the State’s budget is limited.”

Updates, commonly known as ‘tweets’, will be posted regularly by B&I’s Public Information Officer, Elisabeth Shurtleff.  “Our tweets will be timely and informative,” said Shurtleff.  “We are excited to use a new tool to enhance our connection with the public.”

To follow B&I on Twitter, go to http://www.twitter.com/NVBandI.