Business ProfileforRolling Oaks Enterprises, LLC
Current Alerts For This Business
On January 2, 2019, the Commissioner notified CFL licensees of the March 15, 2019 deadline to file their annual reports by sending notice to the email address of each CFL licensee established pursuant to the Commissioner's Order on Electronic Communications, dated November 22, 2013. The notification admonished licensees that the Commissioner could assess penalties and summarily revoke CFL license(s) for untimely filing or failing to file. On February1. 2019 & March 5, 2019, the Commissioner again notified CFL licensees of the March 29, 2019 deadline to file their annual reports by sending notice to the email address each CFL licensee established pursuant to the Commissioner's Order on Electronic Communications, dated November 22, 2013.
As of March 15, 2019, Respondent had not filed its Annual Report with the Commissioner. As a result, the Commissioner issued a notice email to Respondent on March 18, 2019 (Final Notice), advising Respondent that it should file its annual report by or before April 3, 2019 or else its license would be summarily revoked.
As of March 29, 2019, Respondent had not filed its Annual Report with the Commissioner as directed in the Final Notice. As a result, on April 3, 2019, the Commissioner issued an Order Summarily Revoking California Finance Lenders License for CFL License Number 6036227. Upon receiving the Summary Revocation Order, Respondent timely notified the Commissioner that Respondent was requesting a hearing on the Summary Revocation Order.
On April 16, 2019, Respondent submitted its Annual Report, which was due on
March 15, 2019, 21 business days late. The maximum penalty that may be imposed for filing 21 business days late is $8,500.00 ($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 Settlement Agreement is in the public interest and consistent with the purposes fairly intended by the policies and provisions of the Consumer Finance Law.
To access the full Department of Business Oversight press release, please visit: http://www.dbo.ca.gov/ENF/pdf/2019/Rolling-Oaks-Enterprises-LLC-4-24-19.pdf
At-a-glance
Related Categories
Business Details
- Location of This Business
- 100 Wilshire Blvd #1270, Santa Monica, CA 90401-2400
- BBB File Opened:
- 5/17/2019
- Years in Business:
- 26
- Business Started:
- 11/12/1998
- Business Incorporated:
- 2/26/1998 in DE, USA
- Type of Entity:
- Limited Liability Company (LLC)
- Contact Information
Principal
- Josh Berman, CEO
Customer Complaints
0 Customer Complaints
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