MI DIFS Directors Orders

Prime Mortgage Funding License Revoked

The Michigan Department of Insurance and Financial Services (DIFS) has revoked the mortgage broker license of Prime Mortgage Funding, Inc. The revocation is retroactive to December 31, 2024, following allegations of providing false asset documentation to lenders. This action resolves Enforcement Case No. 25-18668.

Jivara Shaboo License Revoked for Fraud and Misrepresentation

The Michigan Department of Insurance and Financial Services (DIFS) has revoked the insurance license of Jivara Shaboo due to fraud and misrepresentation. This action follows a stipulation where the respondent admitted to obtaining a license through fraudulent means and engaging in dishonest practices.

Jaylen Moncrief License Revoked for Exam Fraud

The Michigan Department of Insurance and Financial Services (DIFS) has revoked Jaylen Moncrief's insurance license due to exam fraud and misrepresentation. The order accepts a stipulation and immediately revokes the license, prohibiting any future applications for licenses administered by DIFS.

Richard Manni License Revoked for Fraud

The Michigan Department of Insurance and Financial Services (DIFS) has revoked Richard Manni's insurance license due to fraud and misrepresentation. The order accepts a stipulation agreement between DIFS and the respondent, formally ending the enforcement case.

Joseph Giambra License Revoked - Enforcement Action

The Michigan Department of Insurance and Financial Services (DIFS) has revoked Joseph Giambra's insurance license. This enforcement action stems from Giambra's admitted attempt to obtain a license through misrepresentation or fraud and the use of fraudulent or dishonest practices.