Business ProfileforCVCredit Inc.
Current Alerts For This Business
As of December 17, 2018, the California Department of Business Oversight entered into a Settlement Agreement with CVCredit of Miami, Florida for Unlawful California Financing in violation of Financial Code section 22100.
C. On or about March 28, 2017, CVCredit submitted an application for a California Finance Lenders License.
D. During the Department of Business Oversight's review of CVCredit's application, CVCredit disclosed that it had participated in transactions that it characterized as true sales of accounts receivable ("factoring transactions").
E. The Department of Business Oversight contended the transactions in question were loans made in violation of Financial Code section 22100, which prohibits making loans without first obtaining a license from the Commissioner.
The Parties have agreed to enter into this Settlement Agreement in lieu of proceeding with further discovery and without hearing or adjudication of any issue of law or fact. CVCredit executes this Settlement Agreement without admitting or denying the factual matters and alleged violations set in Paragraphs E and F above.
Final Resolution. The Parties hereby acknowledge and agree that this Settlement
Agreement is intended to constitute a final resolution of matters described in Paragraphs E and F of this Settlement Agreement up to the effective date of this Settlement Agreement (hereafter, "Released Matters"), as such date is defined in Paragraph 15.
For further information please contact:
DBO MAIN OFFICE
1515 K Street, Suite 200, Sacramento, CA 95814-4052
Phone: (866) 275-2677 or (916) 327-7585
Link:
http://www.dbo.ca.gov/ENF/pdf/2018/CVCredit,Inc-12-17-18.pdf
At-a-glance
Related Categories
Business Details
- Location of This Business
- 1101 Brickell Ave Ste 704, Miami, FL 33131
- BBB File Opened:
- 12/15/2017
- Business Incorporated:
- 11/6/2003 in FL, USA
- Type of Entity:
- Corporation
- Business Management
- Mr. Luis Gabriel Segura, President
- Contact Information
Other Contacts
- Martin Gaviria, Senior Vice President
- Additional Contact Information
Email Addresses
- Primary
Customer Complaints
0 Customer Complaints
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