The Massachusetts Office of Consumer Affairs and Business Regulation announced on December 21, 2005 that the Division of Banks had directed Boston Financial Group, Inc. (d/b/a BFG Mortgage), owned and operated by Jose de la Rosa in Jamaica Plain, to "cease engaging in the business of making or soliciting mortgage loans from Massachusetts consumers." The Division of Banks took this action when it learned that Boston Financial Group had misrepresented itself as a licensed mortgage broker. The company is not licensed to do business in the Commonwealth as a mortgage lender or as a mortgage broker.
Consumers can verify the license status of a mortgage lender or broker at the Division of Banks' website, or by calling its Consumer Hotline at 800-495-2265.
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