The state has revoked the licenses of Bend mortgage broker Garrett ”Gary” Sytsma and his company, All Seasons Mortgage Services.

In addition to the revocation of his license, Oregon’s Department of Consumer and Business Services also barred Sytsma from acting as a loan originator and has imposed civil penalties against him, according to a news release from the department.

”I surrendered it to them,” Sytsma said of his mortgage license. ”But it’s still good through the end of the week.”

Sytsma bought All Seasons Mortgage Services, located at 1051 NE Fourth St. in Bend, in 2000.

The business had also operated a branch office in La Pine.

The state department has given Sytsma until May 10 to complete the mortgage loans currently in process at the company.

As of March 29, David Tatman, chief enforcement officer with the department, said the business had about a dozen outstanding loans. All Seasons Mortgage has not been allowed to take on any new business.

Sytsma estimated having worked with between 8,000 and 9,000 clients throughout the company’s time in the area. Tatman said because Sytsma’s role was to obtain loans through primary lenders, former customers of All Seasons shouldn’t have to worry about any problems with their loans, as long as everything submitted on the application was truthful.

Tatman said the department started investigating Sytsma in 2002 after receiving a complaint about the way Sytsma obtained a loan for his own home.

According to an order filed by the department in August 2002, Sytsma violated Oregon Mortgage Lender Law by applying for a residential mortgage using his father’s name and Social Security number as his own.

The order also states that in 2001, Sytsma transferred ownership of All Seasons Mortgage Services to his father’s name without notifying the department’s director of the change in control. At that time, the department suspended Sytsma’s license for five years, required him to transfer management control of All Seasons Mortgage to another company and assessed civil penalties of $50,000.

Sytsma said his encounter with the state stemmed from an incident involving a former employee.

”It had to do with something with an ex-loan officer who put together a fraudulent loan,” Sytsma said. ”The state clipped me for it because I was the state licensee.”

In December 2003, an examiner with the Division of Finance and Corporate Securities found that Sytsma had violated the previous order because he still retained control of the All Seasons Mortgage and was still acting as a mortgage broker.

Sytsma says he didn’t feel that he violated the order agreement.

”They said they felt as though I violated their orders, and I felt I didn’t so I thought the smartest thing to do was let them have the license for this, turn it into a franchise and I’m disappearing from it.”

A new mortgage company, American One Finance, has taken over at the same location as All Seasons Mortgage, with the same employees.

Under the new order from the state department, dated April 29, Sytsma will have to pay the $12,000 balance owed on the earlier order in addition to a civil penalty of $5,000 for violating that order.

If Sytsma violates the new order, the department can assess additional penalties in the amount of $45,000.

Tatman said the department will continue to investigate the situation to ensure Sytsma does not continue to be involved in the mortgage industry.

Kristy Hessman can be reached at 541-383-0350 or khessman@bendbulletin.com.