Regulatory Alerts2024-10-11
Added · Updated
Consent Order Regarding Kason Credit Corporation d/b/a K.C.C
Kason Credit Corporation must submit certified financial statements for fiscal years ending March 31, 2022, 2023, and 2024, and thereafter annually within 90 days of each fiscal year-end. Failure to demonstrate compliance with minimum tangible net worth requirements triggers a mandatory license surrender request within five business days, with summary revocation occurring if compliance is not shown within 40 days. The entity must also cease and desist from failing to provide records requested during investigations and cooperate with the Commissioner.
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