Golden First Mortgage Corp

Active exclusionFirm

Golden First Mortgage Corp has an active exclusion in the System for Award Management (SAM.gov), entered by the HUD effective Dec 31, 2014. Type: Ineligible (Proceedings Completed). While active, the party cannot receive new federal contracts, subcontracts or grants unless an agency grants a compelling-reason exception.

“Proceedings Completed” corresponds to a debarment: the agency concluded its proceeding and excluded the party for a set period, generally not exceeding three years, for causes such as fraud, serious nonperformance or lack of present responsibility.

UEI: N8QULLCFRNT4
Physical address: 23 HARBOUR RD, GREAT NECK, NY 11024
Exclusion type: Ineligible (Proceedings Completed)
Program: Reciprocal
Excluding agency: HUD
Active since: Dec 31, 2014
Termination: Indefinite
Cross-reference: (also David Movtady)

Agency comments

On December 31, 2014 David Movtady and his company Golden First Mortgage Corporation entered into a Settlement Agreement to a permanent exclusion.

Frequently asked questions

Can Golden First Mortgage Corp keep performing its current contracts?

Generally, an exclusion bars new awards but does not automatically cancel existing contracts: the agency decides whether to continue them. They cannot be extended or renewed without approval.

Can an excluded company be used as a subcontractor?

Prime contractors should not subcontract to excluded parties above certain thresholds without notifying and justifying it to the agency. That is why SAM.gov should be checked before choosing partners.

Where is the exclusion status confirmed?

In the SAM.gov exclusions search, the official source. DataCloud USA updates it daily.