Nevada Fines Complete Home Loans

Scott Bice, commissioner of the Nevada Mortgage Lending Division, has issued a cease-and-desist order and a $10,000 fine to Omni Home Financing Inc., doing business as Complete Home Loans, for unlicensed activity, including the use of advertising simulating a government entity.The company, which has a Nevada license for its Las Vegas location, distributed direct mail to solicit business from a Nevada resident, listing an 800 number and an address in San Clemente, Calif., where the company's call center is located. The mailing included language suggesting that it was directed from a government entity. Under Nevada law, a mortgage broker cannot have an office licensed outside the state, and it must submit any advertisement to the division for approval. Complete Home Loans had no comment on the matter.