Business ProfileforAngel Oak Bridge Lending Fund, LP
Additional business information
April 26, 2021
The Commissioner of Financial Protection and Innovation of the State of California
This Consent Order is entered into between the Commissioner of Financial Protection and Innovation (Complainant or Commissioner) and Respondent ANGEL OAK BRIDGE LENDING FUND, LP CFL License NO.60DBO-104159 (Respondent) and is made with respect to the following facts:
Respondent is a limited liability company, with a principal place of business at 3344 Peachtree Road, #172, Atlanta, Georgia 30326. Respondent is licensed as a finance lender under the CFL with main license number 60DBO-104159. Respondent conducts business under its CFL license at its primary place of business described above and does not operate any branch offices in California.
In accordance with Financial Code section 22159, CFL licensees must file an annual report with the Commissioner by March 15 of each year. The company was notified December 21,2020, January 21, 2021, February 16, 2021, and March 15, 2021. March 18, 2021, the company was notified to file its annual report on or before March 30, 2021.
As a result, on April 16, 2021, the Commissioner issued an Order Summarily Revoking California Finance Lenders License.
On April 21,2021, the company submitted its final report 26 days late, which could impose a fine of $11,000. The company stated it had not provided services under its license.
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.
BBB reports on known government actions involving business' marketplace conduct.
For additional information please visit:
https://dfpi.ca.gov/wp-content/uploads/sites/337/2021/05/60DBO-104159_OR_041621.pdf
https://dfpi.ca.gov/wp-content/uploads/sites/337/2021/05/Consent-Order-Angel-Oak-Bridge-Lending-Fund-LP.pdf
At-a-glance
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Business Details
- Location of This Business
- 3344 Peachtree Rd NE # 172, Atlanta, GA 30326-4801
- BBB File Opened:
- 6/15/2021
- Contact Information
Principal
- Mr. Ben Easterlin
- Additional Contact Information
Email Addresses
- Primary
Customer Complaints
0 Customer Complaints
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