Service Enforcement - Payments Institution 25% Business Lending 15%
Specialism Enforcement - Financial Penalty 45% Regulatory Reporting 35%
2026-03-20 18:02:52 · ataylor@vixio.com
ID
2976960
GUID
608fbfe488f485ce027661e6bed8d1d0

Classification

Service
Enforcement - Payments Institution (25%)

This enforcement action concerns a mortgage broker's failure to file regulatory reports, which falls outside the payments scope of the PC taxonomy.

Business Lending (15%)

Mortgage brokerage is a lending-adjacent activity but does not involve payment services, payment instruments, or payment processing.

Specialism
Enforcement - Financial Penalty (45%)

While an enforcement action and financial penalty are present, this involves a mortgage broker under Florida state law (Chapter 494), not a payment service provider, EMI, or other entity within the payments compliance scope.

Regulatory Reporting (35%)

Regulatory Reporting is a weak secondary fit because the violation concerns failure to submit a mortgage call report, but this is mortgage broker reporting under state law, not payments-specific regulatory reporting.

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Queued 18:02:40
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Metadata 18:02:40
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S3 Content 18:02:40
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Extracted 18:02:41
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LLM Gen 18:02:46
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Stored 18:02:51
TITLE: Florida Office of Financial Regulation Settles Enforcement Action Against Secure The Funding LLC BODY: On March 17, 2026, the Florida Office of Financial Regulation (OFR) entered a Final Order approving a Stipulation and Consent Agreement with Secure The Funding LLC and Yemani Gladstone Mason, the company's Chief Executive Officer and Sole Owner. The settlement resolves an examination (No. 132961) conducted by the OFR to assess the respondents' compliance with Chapter 494, Florida Statutes, which governs mortgage brokers. Secure The Funding LLC holds mortgage broker license number MBR4051. The OFR found that the respondents failed to timely submit a mortgage call report for the quarter ending June 30, 2024, in violation of Section 494.004(2), Florida Statutes. Under the terms of the settlement, Secure The Funding LLC and Yemani Gladstone Mason have agreed to pay an administrative fine of $875.00 to the OFR. The respondents must also cease and desist from future violations of Chapter 494, Florida Statutes, and comply with all provisions of the statute and associated rules. The settlement was executed by the parties in lieu of formal proceedings, allowing expeditious resolution without further litigation. By consenting to the Final Order, the respondents waived their rights to a separate statement of findings and conclusions of law, notice of rights, an administrative hearing, and the right to appeal the decision. The respondents also acknowledged that failure to comply with the terms and conditions of the agreement and Final Order may result in the issuance of an emergency cease and desist order. **Reference:** State of Florida Office of Financial Regulation, Final Order, Case Number 134042 (March 17, 2026)
  • Scraped:2026-03-20 18:02:52
  • Created:2026-03-20 18:02:51
  • By:ataylor@vixio.com (61)