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On July 6, 2016, the Commissioner issued Findings of Fact, Conclusions of Law and Order (“Order”) in the Matter of:  Preferred Law, PLLC (“Preferred Law”), Salt Lake City, Utah.  The Order was the result of an investigation by the Consumer Credit Division and an administrative hearing on the matters alleged in a Temporary Order to Cease and Desist, Order to Make Restitution, Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice to Right of Hearing against Preferred Law on December 2, 2014.  The Commissioner found that Preferred Law engaged in debt negotiation in Connecticut without the requisite license, in violation of Section 36a-671(b) of the Connecticut General Statutes.  Preferred Law was ordered to cease and desist from violating Section 36a 671(b) of the Connecticut General Statutes and to pay a civil penalty in the amount of $25,000.  In addition, the Order of Restitution issued against Preferred Law on December 2, 2014, remains in effect and became permanent.

On July 6, 2016, the Commissioner issued Findings of Fact, Conclusions of Law and Order (“Order”) in the Matter of:  United Obligations Limited Liability Company (“United Obligations”), Larchmont, New York.  The Order was the result of an investigation by the Consumer Credit Division and an administrative hearing on the matters alleged in a Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice to Right of Hearing against United Obligations on October 15, 2015.  The Commissioner found that United Obligations acted as a consumer collection agency in Connecticut without a consumer collection agency license, in violation of Section 36a-801(a) of the Connecticut General Statutes, as amended by Public Act 15-235.  United Obligations was ordered to cease and desist from violating Section 36a-801(a) of the Connecticut General Statutes, as amended, and to pay a civil penalty in the amount of $100,000.