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Adminstrative Actions & Decisions — N

Respondents OAH File No. Decision's Effective Date Law Description
Nader, Allen C. L2006040103 08/10/06 California Deferred Deposit Transaction Law Order to desist and refrain from engaging in unlicensed deferred deposit transactions, and denying an application for a deferred deposit transaction license, pursuant to Financial Code sections 23050 and 23011.
National City Mortgage Company

N2003050833

See also Civil Action

02/10/04 California Residential Mortgage Lending Act Order to revoke residential mortgage lender and residential loan servicer license because of respondents assertion of federal preemption, a condition that had it existed at the time of the original application for a license, would have warranted the Commissioner in refusing to issue the license. Ordered pursuant to California Financial Code section 50327 of the California Residential Mortgage Lending Act.
Nationwide Asset Services 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.
Nationwide Asset Services 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.
Nationwide Asset Services, Inc. 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.
Nationwide Asset Services, Inc. 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.