Mortgage Lenders
Kindred Mortgage Group, LLCFind BBB Accredited Businesses in Mortgage Lenders.
Information and Alerts
Alert Details
This business has 1 alert.
Government Actions
DFPI vs Kindred Mortgage Group, LLC
On January 2, 2024, the Commissioner notified CFL licensees of the deadline of March 15, 2024, to file their annual reports by sending a notice to the email address each CFL licensee must establish for communications from the Commissioner (Designated Email Address) pursuant to the Commissioner’s Order on Electronic Communications, dated November 22, 2013. The notice warned that the Commissioner could assess monetary penalties for untimely filing or failing to file pursuant to Financial Code section 22715(b).
On March 1 until 21, 2024, the Commissioner again notified CFL licensees of the deadline to file their annual reports by sending a notice to the Designated Email Address of each CFL licensee. The notice warned that the Commissioner could assess penalties or summarily revoke licenses for untimely filing or failing to file pursuant to Financial Code section 22715. As of April 3, 2024, Respondent had not filed its Annual Report with the Commissioner. As a result, the Commissioner issued a notice via email to Respondent’s Designated Email Address advising Respondent that its Annual Report filing was past due, and that it would be assessed a penalty and potentially summarily revoked.
On May 29, 2024, Respondent submitted its Annual Report, which was due on March 25, 2024, 46 business days late. Pursuant to Financial Code Section 22715, the maximum penalty that may be imposed for filing 46 business days late is $21,000.00 ($100 per business day for the first five business days and $500 per business day thereafter up to a maximum of $25,000). The Commissioner finds that entering into this Consent Order is in the public interest and consistent with the purposes fairly intended by the policies and provisions of the CFL.
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