Administrative Decisions — P

Respondents OAH Decision Decision's Effective Date Law Description
Palmer, Mary Ann 2010060388 02/08/2011 Escrow Law Order to bar Respondents Mary Ann Palmer and Veronica Amaya from any position of employment, management, or control of any escrow agent pursuant to Financial Code sections 17404, 17409, and 17414, subdivision (a)(1); and California Code of Regulations, Title 10, Sections 1732.2, 1738, 1738.1, and 1738.2. 
Park, Kyung aka Park, Sandra 2012090719 03/03/2014 Franchise Investment Law Order to desist and refrain from filing registration applications that result in willful omissions of material fact; the further offer or sale of any and all franchises in the State of California without first providing prospective franchisees with a disclosure document and a franchise agreement, or by means of oral or written statements containing misrepresentations of omissions of material fact, or ones that are not registered under the Franchise Investment Law or are otherwise not exempt from registration, in violation of Corporations Code Sections 31200 (willful and untrue statement of material fact in an application, notice or report filed with the commissioner), 31123 (failure to notify the commissioner in writing of any material change in the information contained in an application), 31119 (offer or sale of franchise without first providing to the prospective franchisee, at least 14 days prior to the execution of any binding franchise or other agreement, a copy of the offering circular and all proposed agreements), 31201(offer or sale of franchise by means of written or oral communications not enumerated in Section 31200, which includes an untrue statement of a material fact or omits to state a material fact), and 31110(offer or sale of franchise when the franchise has not been registered under this part).
Parker, Michael E. 2012110338 10/11/2013 Corporate Securities Law of 1968 Order to desist and refrain from the further offer or sale of any securities in the State of California, including but not limited to promissory notes and loan agreements, in violation of section 25110 (offer or sale of unqualified securities), and section 25401 (omission and misrepresentation of material facts in connection with the offer or sale of securities) of the Corporate Securities Law of 1968.
Payday Advance 2009050040 11/19/2009 California Deferred Deposit Transaction Law Order to desist and refrain from violating Financial Code section 23036(b) (prohibited extension fees); order to pay $7,500 to the Commissioner (administrative penalty); and $2,880 to consumers (illegally-charged extension fees).
Peavey, William Benson, Jr. 2012090224 05/12/2013 Corporate Securities Law of 1968 Order to desist and refrain from the further offer or sale of any securities in the State of California, including but not limited to investment contracts and promissory notes, in violation of section 25110 (offer or sale of unqualified securities), and section 25401 (omission and misrepresentation of material facts in connection with the offer or sale of securities) of the Corporate Securities Law of 1968.
Pioneer Capital 2016040551 12/29/2016 California Finance Lenders Law The Desist and Refrain Order is affirmed.
Platinum Coast Escrow, Inc. L2007100635 12/12/2008 Escrow Law Order to suspend from any position of employment, management or control of any escrow agent for 12 months and Order revoking escrow License of Platinum Coast Escrow, Inc, pursuant to California Financial Code sections 17202, 17210, and 17414; and Title 10, CCR sections 1726, 1732.2(a) 1738, 1738.1 and 1738.2. See other actions.
PMCC Mortgage Corp. L2001120470 11/27/2002 California Residential Mortgage Lending Act Order to revoke respondent’s mortgage lender License for failure to file audited financial statements pursuant to California Financial Code section 50326 of the California Residential Mortgage Lending Act.
Pho Citi Franchising Company 2012090719 03/03/2014 Franchise Investment Law Order to desist and refrain from filing registration applications that result in willful omissions of material fact; the further offer or sale of any and all franchises in the State of California without first providing prospective franchisees with a disclosure document and a franchise agreement, or by means of oral or written statements containing misrepresentations of omissions of material fact, or ones that are not registered under the Franchise Investment Law or are otherwise not exempt from registration, in violation of Corporations Code Sections 31200 (willful and untrue statement of material fact in an application, notice or report filed with the commissioner), 31123 (failure to notify the commissioner in writing of any material change in the information contained in an application), 31119 (offer or sale of franchise without first providing to the prospective franchisee, at least 14 days prior to the execution of any binding franchise or other agreement, a copy of the offering circular and all proposed agreements), 31201(offer or sale of franchise by means of written or oral communications not enumerated in Section 31200, which includes an untrue statement of a material fact or omits to state a material fact), and 31110(offer or sale of franchise when the franchise has not been registered under this part).
Pho Citi Franchising Company, Myong Bok Lee aka Jason Lee, Kyung Park aka Sandra Park 2012090719 03/03/2014 Franchise Investment Law Order to desist and refrain from filing registration applications that result in willful omissions of material fact; the further offer or sale of any and all franchises in the State of California without first providing prospective franchisees with a disclosure document and a franchise agreement, or by means of oral or written statements containing misrepresentations of omissions of material fact, or ones that are not registered under the Franchise Investment Law or are otherwise not exempt from registration, in violation of Corporations Code Sections 31200 (willful and untrue statement of material fact in an application, notice or report filed with the commissioner), 31123 (failure to notify the commissioner in writing of any material change in the information contained in an application), 31119 (offer or sale of franchise without first providing to the prospective franchisee, at least 14 days prior to the execution of any binding franchise or other agreement, a copy of the offering circular and all proposed agreements), 31201(offer or sale of franchise by means of written or oral communications not enumerated in Section 31200, which includes an untrue statement of a material fact or omits to state a material fact), and 31110(offer or sale of franchise when the franchise has not been registered under this part).
Jalapenos Leadership Industries, L.L.C., and Kenneth Wesley Porter 2016020993 03/19/2017 Corporate Securities Law Order to desist and refrain from offering or selling unqualified securities, and from making misrepresentations or material omissions in the offer or sale of securities, in violation of Corporations Code sections 25110 and 25401.
Portillo, Oscar Rolando 2013020822 9/25/2013 Escrow Law Order to bar respondent Oscar Rolando Portillo, aka Oscar Rolando Portillo Arriaga, from any position of employment, management, or control of any escrow agent, in violation of Financial Code sections 17414 and 17421, and California Code of Regulations, Title 10, sections 1738, 1738.1, and 1738.2.
Postive Return, Inc. N2004070225 12/29/2004 Check Sellers, Bill Payers and Proraters Law Order to Desist and Refrain from engaging in business as a bill payer and prorater under Financial Code section 12103 of the Check Sellers, Bill Payers and Proraters Law.
Powles, Charles N2001060430 11/22/2001 California Finance Lenders Law Order to revoke License for failure to file evidence of a surety bond pursuant to California Financial Code section 22112 of the California Finance Lenders Law.
Premiere Stations L2007090041 01/25/2008 California Deferred Deposit Transaction Law Order that A.L.I., Inc, dba Premiere Stations, desist and refrain from:  1) failing to conspicuously post License in its place of business, 2) failing to distribute the mandated notice to consumers prior to entering into an agreement, 3) failing to disclose that a Licensee can not make a deferred deposit transaction contingent on the purchase or sale of another product or service, 4) failing to include disclosure that customer can not be prosecuted or threatened with prosecution to collect a deferred deposit transaction in its agreement with customer, 5) failing to post required notices in unobstructed view of the public, at its Licensed location, 6) failing to keep evidence of the check for closed deferred deposit transactions, and 7) failing to maintain records demonstrating minimum net worth of $25,000.

Order for A.L.I., Inc., dba Premiere Stations, to pay administrative penalties to the Department of Corporations of $13,500 within 30 days of effective date of decision.
Primestar Lending L2008080077 01/22/08 California Finance Lenders Law Order to revoke broker License and to bar from any position of employment, management, or control of any Finance lender, broker, or any other person Licensed and doing business under the California Finance Lenders Law. See other actions.
Proctor-Cooke N2002050717 11/27/02 California Residential Mortgage Lending Act Order to bar from any position of employment, management or control of any residential mortgage lender or residential mortgage loan servicer pursuant to California Financial Code section 50503 of the California Residential Mortgage Lending Act.