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Important information
- Government Actions:State of California Department of Business Oversight Desist and Refrain Order
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.
On September 19th, 2019 the California Department of Business Oversight issued a Desist and Refrain Order for Zion Financial & Leasing, LLC, aka Zion Funding, and Robert L. Jenkins.
Beginning in or about August 2018, Zion Funding and Jenkins engaged in the business of finance lending or broker by offering to secure an equipment loan for at least one California resident. Several months after applying for the loan and paying $20,548.00 upfront in fees and payments, Jenkins informed the California resident that the application was denied. To date, the California resident has not received the funding Jenkins promised and has received only a partial refund of $11,000.
The Commissioner has not issued a license to Zion Funding or Jenkins, authorizing them to engage in the business of a finance lender and/or broker under the California Finance Lenders Law. Pursuant to California Financial Code section 22712, Zion Financial & Leasing, LLC, aka Zion Funding, and Robert L. Jenkins are ordered to desist and refrain from engaging in the business of a finance lender and/or broker in the State of California without first obtaining a license from the Commissioner, or otherwise being exempt.
Overview
BBB Accredited Since: 11/13/2019
Years in Business: 7
BBB Accreditation & Rating
About This Business
Business Details
- Local BBB:
- BBB Mountain West
- BBB File Opened:
- 2/5/2018
- Business Started:
- 6/21/2017
- Business Started Locally:
- 6/21/2017
- Business Incorporated:
- 6/21/2017
- Type of Entity:
- Limited Liability Company (LLC)
- Alternate Names:
- Zion Financial
- Business Management:
- Mr. Jordan Robinson, Partner
- Mr. Robert Jenkins, CEO
Additional Contact Information
- Principal Contacts
- Mr. Jordan Robinson, Partner
- Mr. Robert Jenkins, CEO
- Customer Contacts
- Mr. Jordan Robinson, Partner
Additional Information
- Business Categories
- Financing, Financial Services, Commercial Loans
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