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

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

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

A tremendously exchange that is odd on Oct. 23 in a hot, crowded hearing space in Hartford, where 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 their state 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 see 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 repeat this for several days, all into the department’s instance against first Alliance, which can be charged with using mortgage that is unlicensed originators to accomplish work that needs a license.

Landini was — but still is, even today — the initial 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. Therefore it’s shaping up to be an endless litigation.

Landini just isn’t yet completed and also the first Alliance attorneys have never yet cross-examined him, even with their 4 1/2 times regarding the stand.

“To the degree the witness will probably be reading from the document that’s currently in evidence, we object on due procedure grounds,” stated Craig Raabe, legal counsel for first Alliance, a transcript of this hearing shows. “We think it is a waste of the time.”