Disciplinary Actions and Sanctions for Division of Real Estate

Americash Credit, Inc.

Mortgage Entity

Description of Licensing Actions or Disciplinary Sanction:
In a November 4, 2009 stipulation and order, the company agreed to pay a $2,500.00 civil penalty. In violation of Utah Code Ann. § 61-2c-301(1)(r), the company failed to exercise reasonable supervision over unlicensed staff such that an employee originated loans without being licensed as a mortgage officer. Case number MG 46823.