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Adminstrative Actions & Decisions — R

Respondents OAH File No. Decision's Effective Date Law Description
PMCC Mortgage Corp. L2001120470 11/27/02 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.
Postive Return, Inc. N2004070225 12/29/04 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 11/22/01 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 1/25/08 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.
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.