Final Order — Mortgage Broker

Index: ~ 7JJ2Jo -2f](p STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION In Re: PRADA CAPITAL LENDING CORP D/B/A PRADA MORTGAGE BANKERS, Case Number: 121872 Respondent. FINAL ORDER This cause came on for consideration and final agency action. Upon review of the record, and being otherwise fully advised in the premises, the Office of Financial Regulation ("Office") hereby finds:

1. The Office has jurisdiction over the subject matter of this case and the parties hereto.
2. The entry of this Final Order concludes the above-referenced matter. ORDERED: A. The Stipulation and Consent Agreement (Exhibit A) is hereby approved and incorporated by reference as if fully stated herein and is adopted as the Office's Findings of Fact and Conclusions of Law. B. The parties shall comply with all terms of the Stipulation and Consent Agreement. DONE and ORDERED this 17-ff, day of April, 2026, in Tallahassee, Leon County, Florida.

CERTIFICATE OF SERVICE I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order has been furnished by e-mail to Respondent, Prada Capital Lending Corp d/b/a Prada Mortgage Bankers at hprada@peopleloans.co on this \ ~ ay of April, 2026. 2 Office of Financial Regulation Post Office Box 8050 Tallahassee, FL 32314-8050 Email: Agency.Clerk@flofr.gov Tel: (850) 410-9889

EXHIBIT A STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION In Re: PRADA CAPITAL LENDING CORP Case Number: 121872 D/B/A PRADA MORTGAGE BANKERS, Respondent. STIPULATION AND CONSENT AGREEMENT The State of Florida, Office of Financial Regulation ("Office"), and PRADA CAPITAL LENDING CORP d/b/a PRADA MORTGAGE BANKERS ("Respondent"), in consideration of the mutual promises herein, recites, stipulates, and agrees as follows:

1. Background. At all times material hereto, Prada Capital Lending Corp d/b/a Prada Mortgage Bankers ("Prada Capital Lending") has been licensed with the Office as a mortgage broker, having been issued license number MBR1469. Heman Elias Prada is Prada Capital Lending's principal loan originator and sole owner, and as such is responsible for the daily operations of Prada Capital Lending. The Office conducted an examination (Exam No. 117934) to ascertain Respondent's compliance with Florida Statutes, and the corresponding rules. Grounds existed to initiate an administrative proceeding against Respondent pursuant to chapter 494, Florida Statutes, and on December 6, 2024, the Office issued an Administrative Complaint. Respondent timely submitted a response. The parties are herein resolving the issues herein with this Stipulation and Consent Agreement.

2. Jurisdiction. The Office is the state agency charged with the administration and enforcement of chapter 494, Florida Statutes, and the rules promulgated thereunder. The Office has jurisdiction to bring this administrative action against Respondent pursuant to chapter 494, Florida Statutes.

3. Findings. For purposes of this Stipulation and Consent Agreement, Respondent consents to the Office making the findings that by failing to timely submit or failing to submit the quarterly mortgage call reports for the Second Quarter 2023, Third Quarter 2023, and Fourth Quarter 2023, Respondent violated Rule 69V-40.176(3), Florida Administrative Code, and thereby violated section 494.004(2), Florida Statutes.

4. Terms and Conditions. The parties agree that the issues raised can be expeditiously resolved without further litigation by the execution of this Stipulation and Consent Agreement. The parties acknowledge that they have read this Stipulation and Consent Agreement and fully understand the rights, obligations, terms, duties, and responsibilities with respect to its contents. Therefore, in compromise and settlement of the foregoing findings and in consideration of the Office's forbearance from further litigation, Respondent agrees to the following terms and conditions: a. FUTURE COMPLIANCE. Respondent agrees to comply with all the provisions of chapter 494, Florida Statutes, and the corresponding rules. b. ADMINISTRATIVE FINE. Respondent agrees to pay the Office an administrative fine in the amount of Seven Thousand Five Hundred Dollars ($7,500.00), to be paid at the time of the execution and delivery of this Stipulation and Consent Agreement. This administrative fine shall be submitted in the form of a wire, cashier's check, or money order made payable to "Office of Financial Regulation" and shall be sent to the attention of Agency Clerk - c/o Maria A. Guitian, Post Office Box 8050, Tallahassee, Florida 32314- 2

5. Respondent acknowledges and agrees that in accordance with section 215 .31, Florida Statutes, regarding the deposit of monies, (i) the tendered fine or settlement check may be deposited in advance of full execution or acceptance of the Stipulation and Consent Agreement; and (ii) such deposit shall not be construed as a final acceptance of the Stipulation and Consent Agreement absent full execution thereof and entry of a Final Order adopting same. c. LICENSE SURRENDER. Respondent shall voluntarily surrender, its current mortgage broker license number MBR1469. The license termination shall be effectuated by the Office on the date that the Final Order adopting and incorporating this Stipulation and Consent Agreement is entered. At that time, any and all rights and privileges pertaining to those holding such license shall terminate.

6. Final Order. Respondent consents to the entry of a Final Order, which incorporates the terms of this Stipulation and Consent Agreement. Respondent understands and agrees that this Stipulation and Consent Agreement is subject to the final approval of the Office of Financial Regulation and the entry of the Final Order adopting such Agreement. In the event that the Final Order is not entered, this Stipulation and Consent Agreement shall be nu11 and void. The Final Order incorporating this Stipulation and Consent Agreement constitutes final action by the Office for which the Office may seek enforcement pursuant to the provisions of chapters 494 and 120, Florida Statutes.

7. Waiver. By Respondent's consent to the entry of a Final Order with respect to this proceeding only, Respondent waives: a) Any right to separately stated Findings of Fact and Conclusions of Law; b) Any right to receipt of a Notice of Rights pursuant to chapter 120, Florida Statutes; c) Any right to an administrative hearing or issuance of a Recommended Order pursuant to chapter 120, Florida Statutes; and 3

d) Any right to contest in any administrative forum or judicial proceeding (including, but not limited to, an appeal pursuant to section 120.68, Florida Statutes) the validity of any term, condition, obligation, or duty expressly created in this Stipulation and Consent Agreement and the Final Order. 7. Releases. Upon full execution of this Stipulation and Consent Agreement, Respondent waives, releases, and forever discharges the Office and its agents, representatives, and employees from any and all causes of action, in law or in equity, which Respondent may have arising out of Examination No. 117934. The Office accepts this release and waiver by Respondent on behalf of itself, its agents, representatives, and employees without acknowledging, and expressly denying, that any such right or cause of action may exist. 8. Failure to Comply. Respondent acknowledges, concurs, and stipulates that Respondent's failure to comply with any of the terms, obligations, and conditions of this Stipulation and Consent Agreement, and the Final Order adopting it, is a violation of the written agreement and the Final Order entered pursuant to chapters 120 and 494, Florida Statutes. Such non-compliance may result in the issuance of an emergency cease and desist order. However, nothing herein shall be construed to limit Respondent's right to contest any finding or determination of non-compliance. 9. Attorney's Fees. Each party herein shall be solely responsible for its separate costs and attorney's fees incurred in the prosecution, defense, or negotiations in this matter up to and including the entry of the Final Order adopting this Stipulation and Consent Agreement. 10. Severability. The parties agree that ifany provision of this Stipulation and Consent Agreement or the application thereof to any person or circumstance is held invalid, the Stipulation and Consent Agreement will be given effect without the invalid provision, and to this end, the provisions of this Stipulation and Consent Agreement are declared severable. 4

11. Counterparts. This Stipulation and Consent Agreement may be executed in any number of counterparts, and by the parties in separate counterparts, each of which will be deemed to be an original but all of which together will constitute but one Stipulation and Consent Agreement. Copies of this Stipulation and Consent Agreement transmitted by facsimile or electronic mail shall have the same validity as if bearing an original signature.
12. Entire Agreement. This Stipulation and Consent Agreement represents the entire agreement by and between Respondent and the Office. Any alterations, variations, changes, modifications, or waivers of the provisions hereof shall be valid only when they have been reduced to writing, duly signed by the Office and Respondent hereto, attached to the original of this Stipulation and Consent Agreement, and subject to the approval of the Office. WHEREFORE, in consideration of the foregoing, the Office and Respondent execute this Stipulation and Consent Agreement for entry of a Final Order on the last date executed below. [this section left intentionally blank with signatures appearing in the following pages] 5

.. --- ENDING CORP d/b/a PRADA MORTGAGE BANKERS: (Signhture) Name: Heman Elias Prada State of £-\0000 County of nl\Gm ( oocte Date: l:J J / Dl / Z.Oc:.6 Title: Principal Loan Originator and Sole Owner of Prada Capital Lending Corp Hernan Elias Prada, as Principal Loan Originator and Sole Owner of Prada Capital Lending Corp d/b/a Prada Mortgage Bankers, BEFORE ME by means of r,X] physical presence or [ ] online notarization, has sworn ( or affirmed) that he has read and understands the foregoing agreement and voluntarily signed the same. JOITT\r 4 2.aruo -AD SWORN TO AND SUBSCRIBED before me this_K_ day ofDe~ ber, 2¢ s. ~ Check the appropriate box: Personally known D OR Produced Identification IX] Type of identification produced [) Driver's License □ □ Passport Other ----- -- (Do not include ID number) ANDREA DELATORRE Commission# HH 501899 Expires March 10, 2028 OFFICE OF FINANCIAL REGULATION Gregory C. Oaks, Director Division of Consumer Finance 6 Date: 4/10/2026 --- - - - --- - -