Advent Mortgage Incs owner is losing his license for a number of violations, according to a statement from the Georgia Department of Banking and Finance. The state cited him for "making misrepresentations in loan files submitted to mortgage lenders. City Capital Mortgages owner has entered into a consent decree with the state to settle allegations he "made false statements or misrepresented material facts to a lender" and "transacted business with an unlicensed and unregistered" mortgage broker, regulators said in the statement.
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