Additional business information
In May 2022, Dividend Finance was acquired by Fifth Third Bank, located in Cincinnati.
Dividend Finance operates as a separate entity from Fifth Third Bank.
To view the BBB Business Profile for Fifth Third Bank, please visit
https://www.bbb.org/us/oh/cincinnati/profile/bank/fifth-third-bank-0292-356
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government’s allegations, which have not yet been proven.
On March 7, 2024, the Minnesota Attorney General filed a suit against Dividend Solar Finance LLC. (Case 27-CV-24-3558) along with 3 other solar lending companies, alleging the company violated Minnesota state law pertaining to deceptive trade practice, deceptive lending and of charging high rates of interest.
According to court documents it is alleged that Dividend Solar Finance, deceived consumers into taking out loans with the false promise of low interest rates and applying hidden fees that increased the cost incurred by borrowers. The investigation found that Dividend Solar Finance dictated on how solar companies market and sell their loans. The arrangements between the company and some installers had consumers believing they were entering into loans with low interest rates. It is alleged that consumers were not given the true cost of financing their projects as the upfront fees were not included in sales proposals, or the disclosures. According to the charges, Dividend has received at least $2,323,7147.32 in upfront fees from Minnesota consumers.
The case is currently pending.
At-a-glance
Related Categories
Overview
Products & Services
Business Details
- Location of This Business
- 1 California St Ste 1500, San Francisco, CA 94111-5416
- BBB File Opened:
- 9/16/2014
- Years in Business:
- 11
- Business Started:
- 2/2/2013
- Business Incorporated:
- 10/25/2013
- Accredited Since:
- 10/10/2014
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.BBB records show a license number of 60DBO-35823 for this business, issued by Department of Business Oversight. The expiration date of this license is 11/2/2024.
These agencies may include:
Department of Business Oversight
1515 K Street, Suite 200
Sacramento CA 95814
- Type of Entity:
- Corporation
- Number of Employees:
- 300
- Alternate Business Name
- Dividend Solar, Inc.
- Business Management
- Mr. Eric White, Owner/Manager
- Mr. Blain Cox, Company Contact
- Contact Information
Principal
- Mr. Eric White, Owner/Manager
Customer Contact
- Ms. Stephanie Rodriguez, Company Contact
Customer Complaints
118 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintMost Recent Customer Complaint
03/06/2024
- Complaint Type:
- Billing Issues
- Status:
- Answered
Customer Reviews
99 Customer Reviews
What do you think? Share your review.
Most Recent Customer Review
Matthew M
04/10/2024
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