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The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

As of April 22, 2020, the California Department of Business Oversight entered into a Consent Order with R8Find.com Inc. of Miami, Florida. The case number and license number are CFL # 60DBO-55706.

RECITALS
A. The Commissioner has jurisdiction over the licensing and regulation of persons and entities engaged in the business of making consumer and commercial loans pursuant to the California Financing Law (CFL) (Fin. Code, § 22000 et seq.).
B. Respondent is a corporation, with a principal place of business at 20200 West Dixie Highway, Suite 1208, Miami, Florida 33180.
C. Respondent is licensed as a finance broker under the CFL with main license number 60DBO-55706.
D. Respondent operates no branch offices in California.
E. In accordance with Financial Code section 22159, CFL licensees must file an annual report with the Commissioner by March 15 of each year (Annual Report).
F. On December 16, 2019, the Commissioner notified CFL licensees of the March 15, 2020 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 for untimely filing or failing to file pursuant to Financial Code section 22715(b).
G. On January 29, 2020, the Commissioner again notified CFL licensees of the March 15, 2020 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. The notification again warned that the Commissioner could assess monetary penalties for untimely filing or failing to file pursuant to Financial Code section 22715(b).
H. On March 2, 2020, the Commissioner again notified CFL licensees of the March 15, 2020 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. The notification warned that the Commissioner could assess penalties and summarily revoke licenses for untimely filing or failing to file pursuant to Financial Code section 22715.
I. As of March 15, 2020, Respondent had not filed its Annual Report with the Commissioner. As a result, the Commissioner issued a notice on March 18, 2020 to Respondent to Respondent's email address established pursuant to the Commissioner's Order on Electronic Communications, dated November 22, 2013, advising Respondent that it should file its annual report by or before March 30, 2020 or else its license would be summarily revoked pursuant to Financial Code section 22715 (Notice email).
J. As of March 30, 2020, Respondent had not filed its Annual Report with the Commissioner as directed in the Notice email. As a result, on April 3, 2020, the Commissioner issued an Order Summarily Revoking Finance Lenders and/or Brokers License(s) Pursuant to Financial Code Section 22715 for CFL License Number 60DBO-55706 (Summary Revocation Order).
K. Upon receiving the Summary Revocation Order(s), Respondent timely notified the Commissioner that Respondent was requesting a hearing on the Summary Revocation Order(s).
L. On April 17, 2020, Respondent submitted its Annual Report, which was due on March 15, 2020, 24 business days late. Pursuant to Financial Code Section 22715, the maximum penalty that may be imposed for filing 24 business days late is $10,000.00 ($100 per business day for the first five business days and $500 per business day thereafter up to a maximum of $25,000).
M. In connection with these proceedings, Respondent represented to the Commissioner that it had taken no new applications under its license since learning of the Summary Revocation Order(s).
N. 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. NOW, THEREFORE, in consideration of the foregoing, and the terms and conditions set forth herein, the parties agree as follows:

TERMS AND CONDITIONS
1. Purpose. The parties intend to resolve this matter for the purpose of judicial economy and expediency and without the uncertainty and expense of a hearing or other litigation.
2. Order Rescinding Penalty Order. The Commissioner hereby rescinds the Order Summarily Revoking California Finance Lenders License which had been issued on April 3, 2020.
3. Administrative Penalty. Respondent shall pay an administrative penalty of $500.00 no later than 30 days after the effective date of this Consent Order as defined in paragraph 25. The penalty must be made payable in the form of a cashier's check or Automated Clearing House deposit to the Department of Business Oversight and transmitted to the attention of:

Accounting - Litigation, at the Department of Business Oversight, 1515 K Street, Suite 200, Sacramento, California 95814.

Notice of the payment must be concurrently sent to Paul Yee, Senior Counsel, Department of Business Oversight, One Sansome Street, Suite 600, San Francisco, California 94104.

6. Full and Final Resolution. The parties hereby acknowledge and agree that this Consent Order is intended to constitute a full and final resolution of the violations described herein, and that no further proceedings or actions will be brought by the Commissioner in connection with these matters except under the CFL or any other provision of law, excepting therefrom any proceeding to enforce compliance with the terms of this Consent Order.

21. Voluntary Agreement. Respondent hereby enters in this Consent Order voluntarily and without coercion and acknowledges that no promises, threats, or assurances have been made by the Commissioner or any officer, or agent thereof, about this Consent Order. The parties each represent and acknowledge that he, she or it is executing this Consent Order completely voluntarily and without any duress or undue influence of any king from any source. 22. Notice. Any notice required under this Consent Order be provided to each party at the following addresses:

To R8Findcom, Inc.:
R8find.com, Inc.
c/o Howie Jays
20200 West Dixie Highway,
Suite 1208
Miami, Florida 33180
ceo@loansmarter.com

23. Signatures. A fax or electronic mail signature shall be deemed the same as an original signature.

24. Public Record. Respondent hereby acknowledges that the Consent Order is and will be a matter of public record.
25. Effective Date. This Consent Order shall become final and effective when signed by all parties and delivered by the Commissioner's agent via e-mail to Respondent at the following email address: ceo@loansmarter.com 26. Authority to Sign. Each signatory hereto covenants that he/she possesses all necessary capacity and authority to sign and enter into this Consent Order and undertake the obligations set forth herein.

Dated: April 22, 2020

MANUEL P. ALVAREZ Commissioner of Business Oversight
By_________________ MARY ANN SMITH Deputy Commissioner Enforcement Division

Dated: April 22, 2020 R8FIND.COM.INC.

By_________ HOWIE JAYS President

For further information please contact:
Department of Business Oversight
One Sansome Street, Suite 600
San Francisco, California 94104-4448
Telephone: (415) 972-8544
Facsimile: (415) 972-8500

Link:https://dbo.ca.gov/enf-r/r8find-com-inc/