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About

Important information

  • Government Actions:
    Government Action: BBB reports on known government actions involving business’ marketplace conduct:
    State of Minnesota Department of Commerce v Uqual LLC

    The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

     

     

    On December 21, 2023, the State of Minnesota Department of Commerce and Uqual, LLC entered into a Consent Order. 

     

    The Commissioner has advised Uqual, LLC (Respondent) that she is prepared to commence formal action pursuant to Minn. Stat. § 45.027 (2022), and other applicable law, based on the allegations that Respondent engaged in unregistered credit services organization activity in violation of Minn. Stat. § 332.54 (2022). 

     

    The Order states:

     

    Respondent shall refund all monies received from Minnesota consumers during the period of January 1, 2023, to present date. The refunds to Minnesota consumers shall be made within 6 months of signing this order.

     

    Respondent shall cease and desist from violating any laws, rules, or orders related to the duties and responsibilities entrusted to the Commissioner under Minnesota Statutes Chapter 332.

     

    For more information, please contact the State of Minnesota Department of Commerce at https://mn.gov/commerce/ or 651-539-1500.

     

About This Business

Uqual LLC is a home loan readiness company that offers loan preparedness consultation and coaching to prepare consumers to qualify for home mortgage loans.

Products and Services

Financial Consultant, Financial Technology, Information Technology Services

Business Details

BBB File Opened:
5/26/2021
Business Started:
3/19/2021
Business Incorporated:
3/19/2021
Type of Entity:
Limited Liability Company (LLC)
Business Management:
Mr. Kyle Kolb, Managing Partner
Merritt Dietz, Compliance Officer

Additional Contact Information

Customer Contacts
Merritt Dietz, Compliance Officer
Social Media
LinkedIn

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.

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