Business ProfileforAll Cal Financial, Inc.
Current Alerts For This Business
April 26, 2022, The following describes a consent order that has been formally brought by a government agency. The Department of Financial Protection and Innovation alleges, and charges as follows:
On January 5, 2022, the Commissioner again notified CFL licensees of the March 15, 2022 deadline to file their annual reports by sending notice to the email address each CFL licensee must establish for communications from the Commissioner (designated email address) pursuant to the Commissioner's Order on Electronic Communications, dated November 22, 2013. The notification again warned that the Commissioner could assess monetary penalties for untimely filing or failing to file pursuant to Financial Code section 22715(b).
On February 17, 2022, the Commissioner again notified CFL licensees of the March 15, 2022 deadline to file their annual reports by sending notice to the email address each CFL licensee established pursuant to the Commissioner's Order on Electronic Communications, dated November 22, 2013. The notification warned that the Commissioner could assess penalties and summarily revoke licenses for untimely filing or failing to file pursuant to Financial Code section 22715.
On March 2, 2022, the Commissioner again notified CFL licensees of the March 15, 2022 deadline to file their annual reports by sending notice to the email address each CFL licensee established pursuant to the Commissioner's Order on Electronic Communications, dated November 22, 2013. The notification warned that the Commissioner could assess penalties and summarily revoke licenses for untimely filing or failing to file pursuant to Financial Code section 22715.
As of March 15, 2022, Respondent had not filed its Annual Report with the Commissioner. As a result, the Commissioner issued a notice on March 18, 2022 to Respondent to Respondent's email address established pursuant to the Commissioner's Order on Electronic Communications, dated November 22, 2013, advising Respondent that it should file its annual report by or before March 30, 2022 or else its license would be summarily revoked pursuant to Financial Code section 22715 (Notice email).
As of March 30, 2022, Respondent had not filed its Annual Report with the Commissioner as directed in the Notice Letter. As a result, on April 19, 2022, the Commissioner issued an Order Summarily Revoking California Finance Lenders License and/or Broker license pursuant to Financial Code Section 22715 for CFL License Number 60DBO-101243 (Summary Revocation Order).
Upon receiving the Summary Revocation Order(s), Respondent timely notified the Commissioner that Respondent was requesting a hearing on the Summary Revocation Order(s).
On April 19, 2022, Respondent submitted its Annual Report, which was due on March 15, 2022, 24 business days late. Pursuant to Financial Code Section 22715, the maximum penalty that may be imposed for filing 24 business days late is $10,000.00 ($100 per business day for the first five business days and $500 per business day thereafter up to a maximum of $25,000). N. In connection with these proceedings, Respondent represented to the Commissioner that it had taken no new applications under its license.
To access the full Department of Financial Protection and Innovation press release, please visit: https://dfpi.ca.gov/wp-content/uploads/sites/337/2022/04/Consent-Order-All-Cal-Financial-Inc.pdf
At-a-glance
Related Categories
Business Details
- Location of This Business
- 2571 S Main St Ste D, Soquel, CA 95073-2462
- BBB File Opened:
- 10/4/2021
- Years in Business:
- 5
- Business Started:
- 10/31/2019
- Business Incorporated:
- 3/13/2019
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
- Type of Entity:
- Corporation
- Business Management
- Mr. Jim Black, Founder
- Ms. Chaz Sampson, Vice President of Operations
- Contact Information
Principal
- Mr. Jim Black, Founder
Customer Contact
- Mr. Jim Black, Founder
- Ms. Chaz Sampson, Vice President of Operations
Customer Complaints
0 Customer Complaints
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