Business ProfileforVision Property Management, LLC

On December 03, 2019, Vision Property Management, LLC, Kaja Holdings 2, LLC, RVFM 11 Series, LLC, DSV SPV 1, LLC, DSV SPV 2, LLC DSV SPV 3, LLC, Alan Investments III, LLC, Boom SC, LLC, Yora, LLC, RVFM 4 Series, LLC, RVFM 13 Series, LLC and Alex Szkaradek (collectively "Defendants") and the People of the State of New York and Financial Services of the State of New York (collectively "Plaintiffs") entered into a Consent and Stipulation under Case Number 19-CV-7191 (JSR (OTW).

The Defendants entered into the Consent and Stipulation consenting to the entry of a Final Judgment to resolve the civil litigation against them. The Defendants agree not to take any action or make any statement denying, directly or indirectly, the propriety of the Final Judgment by expressing the view that the Final Judgment or its substance are without factual basis. Nothing in this Consent and Stipulation or Final Judgment affects Defendants': (a) testimonial obligations; or (b) right to take legal or factual positions in connection with litigation, administrative claims, investigations, or other legal proceedings, and/or to deny allegations made by parties in other litigation, administrative claims, investigations, or legal proceedings to which neither of the Plaintiffs is a party.

The Stipulation Order and Final Judgment states the following:

1. Defendants shall not engage in acts, practices or conduct that violates the following laws and regulations: The Consumer Financial Protection Act 12 U.S.C. section 1601 et seq; New York Executive Law section 63(12); New York General Business Law ("GBL") section 349; New York Banking Law Article 12-D; New York Banking Law sections 6-l and 6-m; 3 CRR-NY sections 41.3(a) and 41.4(a); 3 CRR-NY section 420.18; New York Financial Services Law section 408; Truth in Lending Act, 15 U.S.C. section 1601 et seq and Regulation Z, 12 C.F.R. section 1026 et seq; and New York Real Property Law section 235-b.

2. Defendants are permanently restrained and enjoined from engaging in the following activities in New York:
a. Purchasing, selling, managing or leasing any Residential Real Property except as expressly provided for in this Final Judgment or for their own personal use and enjoyment;
b. Assisting Others in purchasing, selling, managing or leasing any Residential Real Property except as expressly provided for in this Final Judgment;
c. Providing any form of financing for the purchase or sale of Residential Real Property
d. Assisting others in the financing of any purchase or sale of Residential Real Property;
e. Advertising, marketing, or promoting, except as expressly provided for in this Judgment, the purchase, sale or lease of any Residential Real Property or the financing of the purchase or sale of any Residential Real Property;
f. Assisting Others in the advertising, marketing, or promoting the purchase, sale or lease of any residential real property or the financing of the purchase or sale of any Residential Real Property;
g. Servicing, collecting, attempting to collect, assigning any right to collect payment from any Consumer relating to a Residential Property Agreement; and
h. Taking any action to evict or foreclose on any Consumer occupying a Residential Real Property or suggesting, requesting or pressuring any Consumer occupying a Residential Real Property to give up his or her rights to or residency at a Residential Real Property.
3. All injunctive relief contained herein applies to any legal Entity that Defendant Szkaradek currently controls or has an ownership interest in or any legal Entity that Defendant Szkaradek obtains an ownership interest in or control of in the future.

As of January 14, 2010, the Stipulation Order and Final Judgment has not been signed by the Honorable Jed S. Rakoff, United States District Court Judge.

New York Attorney General's Press Release may viewed at http://bbb.org/h/jzvy
Stipulated Order and Final Judgment may be viewed at http://bbb.org/h/jzvz