The State of New Jersey
NJ Department of Banking and Insurance
Home > Banking Division > Alert for Mortgage Brokers
Mortgage Broker Alert: Dana Capital Group, Inc.
Update - May 2007 It has come to the attention of the Department that Dana Capital Group, Inc. closed its doors and ceased operations on or about April 30, 2007.

You are advised not to accept or process any applications on behalf of Dana Capital Group, Inc.

On April 18, 2007, the New Jersey Department of Banking and Insurance issued legal documents ordering Dana Capital Group, Inc. to stop doing business in the state through unlicensed branch offices and unregistered mortgage solicitors. It ordered refunds of fees illegally charged to consumers and also took the initial step toward revoking the company's mortgage lender licenses based on such violations.

To contact Dana Capital, call 1-800-588-5535.

If you experience problems closing a loan for Dana Capital, you may call:

NJDOBI, 609-292-7272.

Dana Capital Group

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New Jersey Department of Banking and Insurance