Their state of Washington Department of Financial Institutions (DFI) has gotten a grievance from the Washington customer against Habematolel Pomo of Upper Lake California d/b/a Majestic Lake Financial, Inc. The consumer stated that Majestic Lake Financial offered financing towards the customer and, based on the consumer, reported low interest on its loan item. The consumer has been obligated to repay an amount much higher than the original principal loan amount since the inception of the loan. This information ended up being alleged because of the customer and it has not been confirmed because of the Department.
Another company called hill Summit Financial, Inc. seems to be linked to Majestic Lake Financial.
Based on the organizationsвЂ™ sites, both organizations claim become owned and operated because of the Habematolel Pomo of Upper Lake Ca, a federally recognized Indian Tribe located in Ca. Neither Majestic Lake Financial, Inc. nor Mountain Summit Financial, Inc. is certified by the DFI and neither is registered to conduct company in Washington State by the Department of Licensing, the Department of income, or the Secretary of State.
You can file a complaint on that companyвЂ™s website at if you have a complaint against Majestic Lake Financial . payday loans for bad credit online Missouri When you yourself have a problem against hill Summit Financial, it is possible to register a problem on that companyвЂ™s internet site at .
Important info for Washington Consumers About Unlicensed Loan Providers
Washington State residents are informed that Washington State legislation provides in RCW 31.04.035 that charges or interest charged within the making of a nonresidential loan by an unlicensed loan provider (that will be perhaps maybe maybe not otherwise exempt from licensure) needs to be refunded towards the debtor.