The 2018 NYDFS order concerns Franklin First Financial Ltd., the Melville mortgage lender. It addresses regulatory findings, an immediate restriction on certain New York mortgage activity, preservation of records and wind-down safeguards.
Read the source: NYDFS · November 16, 2018 cease-and-desist order (PDF)
How to read the six-page order
Begin with the named respondent and date, then distinguish the background, findings and ordered actions. The order discusses recordkeeping, compensation, licensing and the company’s financial condition. Attribute these statements to NYDFS; do not apply them to the similarly named Georgia lender.
Continue: What Happened to Franklin First Financial in 2018?
Actions relevant to borrowers
The order required preservation of books and records and measures concerning interim servicing payments and servicing information. These were regulator-directed safeguards in 2018, not instructions to send money to the address on this website.
Continue: Franklin First Financial: NMLS and License Records
Limits of the document
It does not by itself establish a bankruptcy case, a sale to 1FFC, or the company handling the mortgage today for an individual loan. Later orders or account-specific transfer records may be necessary to answer those questions.
Continue: Franklin First vs. 1st Franklin: Which Company Do You Mean?
Frequently asked questions
Can I read the original?
Yes. The NYDFS PDF is linked in Sources and records below.
Does this apply to 1st Franklin Financial in Georgia?
The order names Franklin First Financial Ltd. Do not substitute another legal entity based on a similar name.
Sources
Read the original documents and company pages behind this guide.
- NYDFS · November 16, 2018 cease-and-desist order (PDF) www.dfs.ny.gov · reviewed October 16, 2026
