Check Into Cash of Washington Inc. d/b/a Check Into Cash ...

Name(s):

Terms Completed

ORDER SUMMARY ? Case Number: C-10-268

Check Into Cash of Washington Inc d/b/a Check Into Cash

Order Number:

C-10-268-12-CO01

Effective Date:

February 10, 2012

License Number: Or NMLS Identifier [U/L]

License Effect:

DFI: 16251

.

None

Not Apply Until: Not Eligible Until: Prohibition/Ban Until: Investigation Costs

N/A N/A N/A $3,450

Fine

$6,250

Assessment(s)

$

Due

Restitution

$

Due

Judgment

$

Due

Satisfaction of Judgment Filed?

Y N

No. of

Victims:

Comments:

Paid

Date: 2/9/2012

Y N

Paid

Date: 2/9/2012

Y N

Paid

Date

Y N

Paid

Date

Y N

Paid

Date

Y N

1

STATE OF WASHINGTON

DEPARTMENT OF FINANCIAL INSTITUTIONS

2

DIVISION OF CONSUMER SERVICES

3 IN THE MATTER OF DETERMINING: Whether there has been a violation of the

4 Check Cashers and Sellers Act of Washington by:

No.: C-10-268-12-C001 CONSENT ORDER

5 CHECK INTO CASH OF WASHINGTON INC d/b/a CHECK INTO CASH,

6 Respondent.

7

8

COMES NOW the Director of the Department of Financial Institutions (Director), through his

9 designee Deborah Bortner, Division Director, Division of Consumer Services, and Check Into Cash

10 of Washington, Inc. d/b/a Check Into Cash (Respondent), and finding that the issues raised in the

11 above-captioned matter may be economically and efficiently settled, agree to the entry of this

12 Consent Order. This Consent Order is entered pursuant to chapter 31.45 of the Revised Code of

13 Washington (RCW), and RCW 34.05.060 of the Administrative Procedure Act, based on the

14 following:

15

AGREEMENT AND ORDER

16

The Department of Financial Institutions, Division of Consumer Services (Department) and

17 Respondent have agreed upon a basis for resolution of the matters alleged in Statement of Charges

No. C-10-268-11-SC01 (Statement of Charges), entered August 29, 2011, (copy attached hereto). 18

Pursuant to chapter 31.45 RCW, the Check Cashers and Sellers Act (Act) and RCW 34.05.060 of the 19

Administrative Procedure Act, Respondent hereby agrees to the Department's entry of this Consent 20

Order and further agrees that the issues raised in the above-captioned matter may be economically 21

and efficiently settled by entry of this Consent Order. The parties intend this Consent Order to fully

22

resolve the Statement of Charges, including all violations ofRCW 31.45.082(3) by Respondent

23

24 CONSENT ORDER

C-1 0-268-12-COO I Check Into Cash of Washington, Inc., d/b/a Check Into Cash

DEPARTMENT OF FINANCIAL INSTITUTIONS Division of Consumer Services 150 Israel Rd SW PO Box 41200 Olympia, WA 98504-1200 (360) 902.8703

?1 which may have occurred from July 26, 2009 through August 29, 2011. Respondent neither admits

2 nor denies the allegations in the Statement of Charges.

3

Based upon the foregoing:

4

A. Jurisdiction. It is AGREED that the Department has jurisdiction over the subject matter

5 of the activities discussed herein.

6

B. Waiver of Hearing. It is AGREED that Respondent has been informed of the right to a

7 hearing before an administrative law judge, and hereby waives its right to a hearing and any and all

8 administrative and judicial review of the issues raised in this matter, or of the resolution reached

9 herein. Accordingly, Respondent, by the signature of its representative below, withdraws its appeal

10 to the Office of Administrative Hearings.

11

C. Compliance with the Act. Respondent has provided the Department with written

12 assurances that Respondent has reviewed and will continue to review its policies, procedures, and

13 practices to ensure compliance with the Act and related rules, including but not limited to the 14 provisions of the Act and related rules dealing with collections on delinquent small loans and

15 recordkeeping.

16

D. Fine. It is AGREED that Respondent shall pay a fine to the Department in the amount of

17 $6,250, in the form of a cashier's check made payable to the "Washington State Treasurer," upon

18 entry of this Consent Order.

19

E. Investigation Fee. It is AGREED that Respondent shall pay to the Department an

20 investigation fee of $3,450, in the form of a cashier's check made payable to the "Washington State

21 Treasurer," upon entry of this Consent Order. The Fine and Investigation Fee may be paid together

22 in one $9,700 cashier's check made payable to the "Washington State Treasurer."

23

24 CONSENT ORDER

2

C-10-268-12-COO!

Check Into Cash of Washington, Inc., d/b/a Check Into Cash

DEPARTMENT OF FINANCIAL INSTITUTIONS Division of Consumer Services !50 Israel Rd SW PO Box 41200 Olympia, WA 98504-1200 (360) 902.8703

?1

F. Authority to Execute Order. It is AGREED that the undersigned has represented and

2 warranted that he has the full power and right to execute this Consent Order on behalf of Respondent.

3

G. Non-Compliance with Order. It is AGREED that Respondent understands that failure to

4 abide by the terms and conditions of this Consent Order may result in further legal action by the

5 Director. In the event of such legal action, Respondent may be responsible to reimburse the Director

6 for the cost incurred in pursuing such action, including but not limited to, attorney fees.

7

H. Voluntarily Entered. It is AGREED that the undersigned Respondent has voluntarily

8 entered into this Consent Order, which is effective when signed by the Director's designee.

9

I. Completely Read, Understood, and Agreed. It is AGREED that Respondent has read

10 this Consent Order in its entirety and fully understands and agrees to all of the same.

11 RESPONDENT:

12

13

Inc., d/b/a Check Into Cash

14

15

16 II

17 II II

18 II II

DO NOT WRITE BELOW THIS LINE

19 II II

20 II II

21 II II

22 II II

23 II II

24 CONSENT ORDER

3

C- 10-268-12-COO!

Check Into Cash of Washington, Inc., d/b/a Check Into Cash

DEPARTMENT OF FINANCIAL INSTITUTIONS Division of Consumer Services 150 Israel Rd SW PO Box 41200 Olympia, WA 98504-1200 (360) 902.8703

?1 2 3 4 5 6

7 8

9 Financial Legal Examiner 10 Approved by: 11 12 13 14 15 16 17 18 19

20

21 22 23 24 CONSENT ORDER

C- 10-268 -12-COO 1 Check Into Cash of Washington, Inc., d/b/a Check Into Cash

Division of Consumer Services Department of Financial Institutions

4

DEPARTMENT OF FINANCIAL INSTITUTIONS

Division of Consumer Services

150 Israel Rd SW

PO Box 41200

Olympia, WA 98504 -1200

(360) 902.8703

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