Mortgage Lenders
Pacific Bay Lending GroupAbout
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:NMLS vs Pacific Bay Lending Group
The Commissioner of the State of Nevada, Department of Business and Industry, Division of Mortgage Lending (“the Commissioner”) having been statutorily charged with the responsibility and authority to administer and enforce Chapter 645B of the Nevada Revised Statutes and Chapter 645B of the Nevada Administrative Code (collectively, “the Act”), governing the licensing and conduct of mortgage agents and/or mortgage loan originators and mortgage brokers and/or mortgage companies doing business in the State of Nevada; and, The Commissioner having been further vested with broad authority to conduct investigations to determine whether any person is violating or has violated any provision of the Act;
The Division of Mortgage Lending (“the Division”) having received information indicating thatRESPONDENT Bay-Valley Mortgage Group Inc. dba Valley View Home Loans (“RESPONDENT”)
violated the Act;The Division having commenced an investigation of RESPONDENT’s business practices pursuant
to NRS 645B.060, and having determined from that investigation that RESPONDENT violated the Act;By entering into this consent order, respondent, does not admit or deny the allegation or the findings of fact or conclusion of law set forth in the Notice of Intent. Respondent agrees to pay the division of an administrative fine in the amount of $3,000.
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