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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 fact the fate of first Alliance Lending LLC, a once-large Connecticut home loan loan provider, hung in the total amount.

Stacey Serrano, an attorney for their state Department of Banking, had presented document after document, email after e-mail, to her witness, Dan Landini, an examiner for that department that is same. Serrano joined each one of these as proof and asked Landini to see quite a few aloud with minute details, verifying they were genuine.

On this time, these were up to demonstrate No. 391. Serrano and Landini would do that for several days, all in the department’s case against first Alliance, which can be faced with using unlicensed real estate loan originators doing work that will require a license.

Landini was — whilst still being is, even today — the initial witness that is substantive this administrative hearing away from significantly more than 25 the division and 1st Alliance may phone to testify in the department’s workplaces. Therefore it’s shaping up to be an endless litigation.

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

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

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