1st Alliance Lending, LLC v. Department of BankingAnnotate this Case
The Supreme Court affirmed the judgment of the trial court dismissing Plaintiff's appeal from the decision of the Commissioner of Banking revoking Plaintiff's license to serve as a mortgage lender in the state, holding that the Commissioner had the legal authority to suspend and revoke Plaintiff's mortgage lender license.
Plaintiff filed an administrative appeal from the Commissioner's decision to revoke Plaintiff's mortgage lender license, arguing that the governing statutory scheme precluded the Department of Banking from suspending its license. The trial court affirmed the Commissioner's decision. The Supreme Court affirmed, holding that the trial court properly affirmed the Commissioner's decision.