Service Business Lending 25% US Money Transmission 15%
Specialism Enforcement - Financial Penalty 65% Enforcement - Financial Penalty 60%
2026-03-20 18:08:25 · ataylor@vixio.com
ID
2981388
GUID
f39d86193133c33ec5d6774573e68ba2

Classification

Service
Business Lending (25%)

This is a mortgage lending enforcement action under Florida state law, which falls outside the payments compliance scope as mortgage lending is not a payment service.

US Money Transmission (15%)

While the entity is subject to financial regulation, there is no evidence of payment service provision, money transmission, or payments-specific violations.

Specialism
Enforcement - Financial Penalty (65%)

While the update describes an enforcement action with a financial penalty, the subject matter involves a mortgage lender under Florida state law rather than a payment services provider or institution regulated under payments-specific frameworks; requires human review for scope applicability.

Enforcement - Financial Penalty (60%)

The voluntary surrender of the mortgage lender license could constitute a license revocation-adjacent action, but the primary enforcement mechanism is the financial penalty and the entity's regulatory scope is outside typical payments compliance horizons; requires human review.

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Queued 18:08:02
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Metadata 18:08:02
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S3 Content 18:08:03
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Extracted 18:08:04
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LLM Gen 18:08:11
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Stored 18:08:25
TITLE: Florida Office of Financial Regulation Issues Final Order Against Forthright Funding Corporation and Jesse James Lombardo BODY: On March 18, 2026, the Florida Office of Financial Regulation (OFR) issued a Final Order adopting a Stipulation and Consent Agreement resolving an administrative enforcement action against Forthright Funding Corporation and its President and Sole Owner, Jesse James Lombardo (Case Number 127036). The OFR conducted an examination of Forthright Funding Corporation, a mortgage lender licensee under Chapter 494, Florida Statutes (license number MLD1336), which identified compliance violations. On December 15, 2025, the OFR issued an Administrative Complaint. The parties subsequently resolved the matter through settlement rather than formal proceedings. Under the agreement, the respondents consented to a finding that they failed to timely file the Financial Audit Report for fiscal year end December 31, 2023, in violation of Section 494.0063, Florida Statutes. As settlement terms, Forthright Funding Corporation and Lombardo agreed to: pay an administrative fine of $2,500; cease and desist from future violations of Chapter 494, Florida Statutes; voluntarily surrender the mortgage lender license (MLD1336), effective upon entry of the Final Order; and apply for and receive approval for a mortgage broker license within one business day of the Final Order's entry. The respondents waived their rights to an administrative hearing, separate findings of fact and conclusions of law, and any right to appeal or contest the agreement's terms in any administrative or judicial forum. The Final Order constitutes final agency action by the OFR and may be enforced pursuant to Chapters 494 and 120, Florida Statutes.
  • Scraped:2026-03-20 18:08:25
  • Created:2026-03-20 18:08:25
  • By:ataylor@vixio.com (61)