BFI Transcript 1

COMMONWEALTH OF VIRGINIA, ex rel . vs . SECURITY TRUST MORTGAGE, LLC
Proceedings on 09/11/2013 Page 24
1 matters requested to be admitted are not, in fact,
2 true . And the purpose of a request for admissions
3 is to remove from the adjudicatory process those
4 matters which are not genuinely at issue . And there
5 is a genuine issue which we are prepared to present
6 through the testimony of Mr . McDonald that his
7 financial circumstances have materially improved
8 and, therefore, that his application for a mortgage
9 loan originator's license, in fact, is in good
10 faith, which is a matter which it would be deemed
11 admitted if we're not allowed to present the
12 evidence .
13 And, so, given the purpose of request for
14 admissions, which is not to create a default
15 situation, but rather to remove from the
16 adjudicatory process those matters which are not
17 genuinely in dispute -- that's the purpose of it --
18 there is a genuine dispute about much of what is
19 before Your Honor .
20 And, again, I must acknowledge for the
21 record it is not -- it is not due to the lack of
22 action by the Bureau of Financial Institutions that
23 we are in this situation . But nevertheless, it
24 remains that there is much genuine dispute about the
25 matters in controversy . And the requests for
Huseby, Inc.
www.huseby.com
4860 Cox Road, Suite 200, Glen Aflen, VA 23060 (804) 755-4200
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