Administrative Decisions — U

Respondents OAH Decision Decision's Effective Date Law Description
Underwood, RIc L2007120338 7/30/2008 Corporate Securities Law of 1968 Order to desist and refrain from violating Corporations Code sections 25110 (offer or sale of unqualified securities) and 25401 (omission and misrepresentatins of material facts).
Underwood, RIchard P. L2007120338 7/30/2008 Corporate Securities Law of 1968 Order to desist and refrain from violating Corporations Code sections 25110 (offer or sale of unqualified securities) and 25401 (omission and misrepresentatins of material facts).
Universal Debt Reduction N2005120755 08/04/06 Check Seller, Bill Payer and Proraters Law Order to desist and refrain from engaging in the business of a prorater without a License, pursuant to Financial Code sections 12103 and 12200.
Universal Debt Reduction N2005120755 02/27/07 Check Sellers, Bill Payers and Prorates Law Order to:
(1) Pay $50,839.96 as restitution for unlawfully charged cancellation fees; (2) Pay $2,884,137.34 as restitution, which may be stayed pending an audit;
(3) Reimburse $86,182,42 to the Commissioner for fees and costs;
(4) Pay $12,500 in administrative penalties;
(5) Notify California clients that any contract(s) has been declared null and void by Order of the Commissioner; and
(6) Provide a detailed accounting to California clients.
Universal Nationwide, L.L.C N2005120755 08/04/06 Check Seller, Bill Payer and Proraters Law Order to desist and refrain from engaging in the business of a prorater without a License, pursuant to Financial Code sections 12103 and 12200.
Universal Nationwide, L.L.C N2005120755 02/27/07 Check Sellers, Bill Payers and Prorates Law Order to:
(1) Pay $50,839.96 as restitution for unlawfully charged cancellation fees; (2) Pay $2,884,137.34 as restitution, which may be stayed pending an audit;
(3) Reimburse $86,182,42 to the Commissioner for fees and costs;
(4) Pay $12,500 in administrative penalties;
(5) Notify California clients that any contract(s) has been declared null and void by Order of the Commissioner; and
(6) Provide a detailed accounting to California clients.