Common Contracts
1 similar Consent Order and Settlement Agreement contracts
CONSENT ORDER AND SETTLEMENT AGREEMENTConsent Order and Settlement Agreement • August 1st, 2024
This matter comes before the Maryland Commissioner of Financial Regulation ("Commissioner" or "Agency") as the result of a complaint against SoLo Funds, Inc. and its current and prior officers and directors (collectively the "Respondents" or "SoLo Funds"). Based upon the complaint and subsequent investigation, the Commissioner, pursuant to his authority and in the public interest, issued a Summary Cease and Desist Order on October 24, 2023 ("Summary Order"), on the grounds that the Respondents conducted business in Maryland as an unlicensed credit services business, an unlicensed a collection agency, and an unregistered credit repo11ing agency and otherwise violated various provisions of the Annotated Code of Maryland and the Code of Maryland Regulations ("COMAR"), including, but not limited to: (i) Commercial Law Article, Title 12, Subtitles I and 3, and Title 14, Subtitles 12 and 19; (ii) Business Regulation Article, Title 7; (iii) Financial Institutions Article Title J J, Subtitles
