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

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

A really exchange that is odd on Oct. 23 in a hot, crowded hearing space 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 hawaii Department of Banking, had presented document after document, email after e-mail, to her witness, Dan Landini, an examiner for the department that is same. Serrano joined each one of these as proof and asked Landini to learn most of them aloud with minute details, verifying they were genuine.

With this time, these were up to demonstrate No. 391. Serrano and Landini would repeat this for several days, all within the department’s instance against first Alliance, which will be faced with using unlicensed home mortgage originators to accomplish work that needs a permit.

Landini was — but still is, even today — the very first substantive witness in this administrative hearing away from a lot more than 25 the division and 1st Alliance may phone to testify in the department’s workplaces. Therefore it’s shaping around be a litigation that is endless.

Landini isn’t yet finished together with first Alliance attorneys never have yet cross-examined him, even with their 4 1/2 days from the stand.

On Oct. 23, there clearly was nevertheless a hope it might 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 there in whatever way that individuals can perhaps speed things up?”

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