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.