State revokes license of Rockland Financial

AUGUSTA – Maine mortgage regulators have revoked the loan broker license held by Rockland Financial LLC of Bridgton, citing a lack of financial responsibility as the principal complaint.

According to an order issued by the Office of Consumer Credit Regulation, Rockland Financial ordered two appraisals in 2003 and then failed to pay for the work completed.

When contacted about the debt, company president Jordan Fox told state regulators that the invoice had been paid and provided a copy of a check made out to the appraisers. The check later bounced because Fox had written the draft on a closed account.

Fox also failed to show up at the June 11 license revocation hearing despite being served a subpoena by a sheriff’s deputy.