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Dan Haar: stonewalling and foot-dragging by CT banking regulators

Dan Haar: stonewalling and foot-dragging by CT banking regulators

A tremendously exchange that is odd on Oct. 23 in a hot, crowded hearing space in Hartford, where in actuality the fate of 1st Alliance Lending LLC, a once-large Connecticut mortgage loan provider, hung in the total amount.

Stacey Serrano, an attorney for their state Department of Banking, had presented document after document, e-mail after e-mail, to her witness, Dan Landini, an examiner for the exact same division. Serrano joined each one of these as proof and asked Landini to learn most of them aloud with minute details, verifying they were genuine.

About this they were up to exhibit No. 391 day. Serrano and Landini would do that for several days, all into the department’s instance against first Alliance, that will be faced with using unlicensed real estate loan originators to complete work that will require a permit.

Landini was — but still is, even today — the very first substantive witness in this administrative hearing away from a lot more than 25 the division and first Alliance may phone to testify during the department’s offices. so that it’s shaping around be an endless litigation.

Landini just isn’t yet completed additionally the first Alliance solicitors never have yet cross-examined him, even with their 4 1/2 times in the stand.

On Oct. 23, there was clearly nevertheless a hope it can end fairly.