A really odd exchange occurred on Oct. 23 in a hot, crowded hearing room 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, e-mail after email, to her witness, Dan Landini, an examiner for that department that is same. Serrano joined each one of these as evidence 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 repeat this for several days, all into the department’s instance against first Alliance, that is charged with using mortgage that is unlicensed originators to complete work that needs a permit.
Landini was — whilst still being is, even today — the very first witness that is substantive this administrative hearing out of significantly more than 25 the division and first Alliance may phone to testify in the department’s workplaces. Therefore it’s shaping around be an endless litigation.
Landini isn’t yet completed and also the first Alliance attorneys haven’t yet cross-examined him, even with their 4 1/2 times in the stand.
On Oct. 23, there was clearly still a hope it could end reasonably.
“To the level the witness will probably be reading from the document that’s currently in proof, we object on due procedure grounds,” stated Craig Raabe, an attorney for first Alliance, a transcript of this hearing shows. Continue reading “Dan Haar: Foot-dragging and stonewalling by CT banking regulators”