Lendah LLC Consent Order

IN THE MATTER OF:
LENDAH LLC CONSENT ORDER
(NMLS # 1929464)
(“Lendah”)
WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of Sections 36a-671 to 36a-671f, inclusive, of Part II of Chapter 669 of the Connecticut General Statutes, “Debt Adjusters and Debt Negotiation”, as amended; WHEREAS, Lendah is a Massachusetts limited liability company with a place of business at 500 Cummings Center, Suite 2550, Beverly, Massachusetts; WHEREAS, Lendah has never been licensed to engage in or offer to engage in debt negotiation in Connecticut; WHEREAS, the Commissioner, through the Consumer Credit Division of the Department of Banking (“Department”), conducted an investigation into the activities of Lendah, pursuant to the authority granted by Section 36a-17 of the Connecticut General Statutes, to determine if it had violated, was violating or was about to violate the provisions of the Connecticut General Statutes within the jurisdiction of the Commissioner (“Investigation”); WHEREAS, as a result of such Investigation, on March 7, 2022, the Commissioner issued a Temporary Order to Cease and Desist, Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (collectively, “Order and Notice”) against Lendah;