Administrative Decisions — W

Respondents OAH Decision Decision's Effective Date Law Description
Wells Fargo Home Mortgage N2003020615 05/01/03 California Residential Mortgage Lending Act Order to revoke all of respondent’s Finance lenders Licenses for per diem overcharges, Finance charge understatements, failure to submit a report, unfair business practices, fraud or dishonest dealings, and information circumvention pursuant to California Financial Code section 50327 of the California Residential Mortgage Lending Act.
Wells Fargo Home Mortgage N2003020658 05/01/03 California Finance Lenders Law Order to revoke all of respondent’s Finance lenders Licenses for claiming that federal law preempted the Commissioner’s jurisdiction and that consequently the Commissioner lacked the authority to regulate, supervise, examine, or enforce the California Finance Lenders Law against the Respondent. A fact or condition that, if extant at the time of the original application, would have reasonably warranted the Commissioner’s refusal to issue the License pursuant to California Financial Code sections 22100, 22101, 22109, and 22714 of the California Finance Lenders Law and section 1422 of Title 10, California Code of Regulations.
Western America Equities LLC 2013120577 1/5/15 Corporations Code, California Code of Regulations Order to Desist and Refrain from the further offer or sale of any securities in the State of California, including but not limited to tenancy in common interests, for violations of Section 25110 (unlawful for any person to offer or sell any security in an issuer transaction unless such sale has been qualified or unless the transaction is exempt) of the Corporations Code.
Why Weight Women's Total Fitness, Inc., Ivan Bondy and Mark Haining L2004080086 01/04/06 Franchise Investment Law Order to desist and refrain from offering and selling unregistered franchises.
William Benson Peavey, Jr., James Wilkes Milnes, J.B. Land Development, L.L.C., Golden Pacific Real Estate 2012090224 05/12/13 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.
William Johns & Associates L2003100190 02/20/04 Corporate Securities Law of 1968 Order to discontinue violations for failing to prepare and maintain monthly net capital computations as well as failing to file required annual financial reports, and to assess an administrative penalty of two thousand two hundred fifty dollars ($2,250), pursuant to California Corporations Code section 25249 of the Corporate Securities Law of 1968.

WWW.IMPROVINGMYSCORE.COM, AND WWW.MEJORANDOTUCREDITO.COM

 

2015020315 3/10/2016 Check Sellers, Bill Payers and Proraters Law

Order to MTC Management Group, Inc., Yvonne Arvizu, Maricruz Cueva, www.improvingmyscore.com and www.mejorandotucredito.com, individually, jointly and severally, to:

  1.  Desist and refrain from engaging in the business, for compensation, of receiving money as agent of an obligor for the purpose of paying bills, invoices, or accounts of the obligor, or acting as proraters without first obtaining a license from the Commissioner of Business Oversight;
  2. Pay restitution to the Department of Business Oversight in the amount of $24,596, within 60 days from the date of the order;
  3. Disgorge all benefits received, including but not limited to, salaries, commissions, fees, profits and any other remuneration derived directly or indirectly from their actions or practices;
  4. Rescind each and all unlawful transactions;
  5. Pay the legal rate of interest on the principal amounts paid by Mr. Flores and Mr. Bautista from the date of their payments to the date of the order;
  6. Pay administrative penalties to the Department of Business Oversight in the amount of $12,500, within 60 days from the date of the order;
  7. Pay citations to the Department of Business Oversight in the amount of $12,500, within 60 days from the date of the order; and
  8. Pay to the Department of Business Oversight its costs in the amount of $11,826.40, within 60 days from the date of the order.
www.amerAssist.biz 2014040633 7/25/15 Check Sellers, Bill Payers and Proraters Law Order to desist and refrain from offering, engaging in, and/or providing prorater services to California consumers until licensed or exempt; order for $36,150.58 in ancillary relief; and order for $5,000 in administrative penalties.
www.turnaroundmgmt.com 2014040633 7/25/15 Check Sellers, Bill Payers and Proraters Law Order to desist and refrain from offering, engaging in, and/or providing prorater services to California consumers until licensed or exempt; order for $36,150.58 in ancillary relief; and order for $5,000 in administrative penalties.