Dan Haar: stonewalling and foot-dragging by CT banking regulators

Dan Haar: stonewalling and foot-dragging by CT banking regulators

A rather odd change occurred on Oct. 23 in a hot, crowded hearing space in Hartford, in which the fate of first Alliance Lending LLC, a once-large Connecticut home loan lender, hung in the total amount.

Stacey Serrano, an attorney for their state Department of Banking, had presented document after document, e-mail 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 learn quite a few aloud with minute details, verifying they were genuine.

About this they were up to exhibit No. 391 day. Serrano and Landini would try this for days, all into the department’s instance against 1st Alliance, which can be faced with using unlicensed home loan originators to complete work that will require a permit.

Landini was — whilst still being is, even today — the very first witness that is substantive this administrative hearing away from significantly more than 25 the division and first Alliance may phone to testify during the department’s workplaces. So that it’s shaping around be an endless litigation.

Landini is certainly not yet completed and also the first Alliance solicitors never have yet cross-examined him, even with their 4 1/2 days in the stand.

On Oct. 23, there clearly was still a hope it could end fairly.

The witness is going to be reading from a document that’s already in evidence, we object on due process grounds,” said Craig Raabe, a lawyer for 1st Alliance, a transcript of the hearing shows“To the extent. “We think it is a waste of the time.”

The hearing officer looked to Serrano. “Is here in whatever way that individuals can perhaps speed things up?”

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