CHICAGO — Illinois has joined 20 other states in a multistate enforcement action against mortgage loan originator Patrick Terrance Donlon, after regulators said he directed another person to complete required education courses on his behalf and falsely claimed the credit, according to the Illinois Department of Financial and Professional Regulation. Donlon agreed to surrender his Illinois license, is permanently barred from licensure in the state, faces practice bans or restrictions in other states and must pay a total of 31 thousand dollars in fines for violations of the federal SAFE Act. IDFPR Secretary Mario Treto Jr. and Division of Banking Acting Director Susana Soriano said the action protects consumers and upholds professional standards.
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