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Violation Tracker Individual Record

Company: Bondit LLC and LQDT Holdings LLC
Penalty: $131,699
Year: 2016
Date: July 15, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Bondit LLC and LQDT agreed to pay a $29,000 Administrative Penalty and at least $102,699 in refunds of usurious amounts of interest collected, in settlement of allegations they engaged in lender activity in the state without a license.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.