Division of Mortgage Lending Disciplines
Mortgage Brokers
The Division of Mortgage
Lending today announced that it has revoked the licenses of two Las Vegas-based
licensees, fining them a combined amount of $190,000, for violations of NRS 598
and NRS 645B.
The Division revoked the
Mortgage Broker license of Kemper Mortgage, an Illinois company with operations
in Las Vegas, for, among other things, deceptive advertising, in violation of
NRS 598.0915 and NRS 645B. The Division also imposed a $50,000 fine.
In addition, the Division
revoked the license of Mortgage Broker Attila Charles Budai, for previously
unlicensed activity and using a fraudulent Mortgage Broker license to facilitate
that unlicensed activity, which are violations of NRS 645B. The Division also
fined Budai $140,000.
“We continue to take strong
action against licensees who violate our laws,” said Mortgage Lending
Commissioner Joseph Waltuch. “We want the public to be aware that we are
diligently penalizing bad actors.”
For more information about
the Division of Mortgage Lending, visit http://mld.nv.gov/index.htm.
Insurance Commissioner Kipper releases
consumer
protection PSAs Television, radio spots to air
in June
Nevada
Insurance Commissioner Scott J. Kipper has released three public service
announcements to air on television and radio stations across the state beginning
in The PSAs bring to light some important issues regarding insurance, and
provide a brief education for consumers in terms of wildfire and disaster
preparation as well as the insurance issues surrounding long-term care.
“Foremost, the Division of Insurance is a consumer protection agency, so
anything we can do in the way of public education is something I’m very
passionate about,” Commissioner Kipper said. Television spots regarding disaster
preparedness and long-term care were produced in February by the National
Association of Insurance Commissioners.
The radio announcements,
which focus on wildfire preparedness, were produced in both English and Spanish
through a partnership with the Nevada Broadcaster’s Association. Commissioner
Kipper hopes these radio spots will encourage consumers to prepare themselves
for the threat of wildfires by reviewing their insurance policies and creating a
home inventory of personal items. This way, if consumers are affected by a fire,
they can take steps to protect the assets they have worked so hard to obtain.
“Wildfires and other disasters such as floods and earthquakes are a reality we
have to live with as Nevadans,” Commissioner Kipper said. “The better informed
we are, the better prepared we will be to meet the challenges these situations
present.” The Commissioner is no stranger to natural disasters. Working as a
deputy commissioner in charge of the Office of Health Insurance in Louisiana,
Commissioner Kipper saw first hand the devastating effects of Hurricanes Katrina
and Rita, and led the development and implementation of emergency rules
following these disasters.
“Disasters strike everywhere in the U.S.,” Commissioner Kipper said. “It’s
always a good idea to make sure your insurance needs are in order, especially
homeowners or renter’s policies.”
Distribution:
Television PSAs will run on the following stations:
Disaster
Preparation
KLAS Las
Vegas
KVVU
Henderson
KAME
Reno
Long-Term Care
KTNV Las
Vegas
KLAS Las
Vegas
KVVU
Henderson
KVMY
Las
Vegas
KOLO
Reno
KAME
Reno
Radio
PSAs will run during the month of June on all major radio stations in Northern,
Southern and rural Nevada.
