Westlake Qualities, LLC d/b/a great Westlake Economic Attributes, Los angeles, Ca – Consent Order
COMMONWEALTH Regarding MASSACHUSETTS
Whereas, WESTLAKE Characteristics, LLC d/b/an excellent WESTLAKE Monetary Attributes, Los angeles, California (Westlake or the Team), an authorized motor vehicle conversion process monetary institution not as much as Massachusetts General Guidelines chapter 255B, point 2 and you may 209 CMR seq. as well as entirely had part, Western Capital Integrated (WFI), provides joined to your a beneficial STIPULATION And you can Accept to This new ISSUANCE Regarding A consent Buy (Concur Arrangement) having agents of one’s Division from Banking institutions (Division) old , whereby, only for the true purpose of paying this matter, and you may without admitting one allegations otherwise effects of-fact or the life of every pass off condition otherwise federal guidelines governing the carry out and you can procedure of a car or truck transformation fund company, Westlake and you will WFI commit to the brand new issuance for the Consent Acquisition (Order) by Administrator away from Banks (Commissioner);
While, the newest Department, from the Administrator, has actually jurisdiction along the licensing and you may control away from individuals and agencies involved with the organization off an automobile sales monetary institution in Massachusetts pursuant so you can Massachusetts Standard Rules section 255B, point 2;
Whereas, Westlake are, as well as most of the associated moments could have been, a firm working regarding the Commonwealth away from Massachusetts. Westlake’s main workplace has reached 4751 Wilshire Blvd, Suite 100, Los angeles, California;
While, into the Commonwealth from Massachusetts Office of your own Attorneys Standard (AGO) and you may Westlake willingly entered to the a guarantee from Discontinuance pursuant to Meters.Grams.L. c. 93A, § 5 (AOD);