Consumer Finance Companies
Green Valley Cash LLCFind BBB Accredited Businesses in Consumer Finance Companies.
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Important information
- Additional Info:On October 23, 2015, The Washington State Department of Financial Institutions (DFI) received information that Green Valley Cash is making loans to Washington residents. It appears that this entity is operating as an online lender. It asserts that it is wholly owned by the Fort Belknap Indian Tribe of Montana, and that it has sovereign immunity from state lending laws or regulation by the Department.
Green Valley Cash is not licensed by the Department or authorized to make loans in Washington. Washington residents are advised that state law provides in RCW 31.45.105(1)(d) and (3) that a small loan made by an unlicensed entity to a person physically located in Washington is uncollectible and unenforceable in Washington.
The DFI warns Washington State consumers that before doing business with a financial service provider the consumer should:
Make sure that the entity is licensed. Consumers can use the “Verify a License” feature on DFI’s website at www.dfi.wa.gov to check whether a payday or consumer loan company is licensed to conduct business in the state of Washington. Don’t provide any personal information such as social security number or bank account numbers if the company is not licensed or authorized to conduct business.
Washington State residents are informed that Washington State law provides in RCW 31.45.105(1)(d) and (3) that a “small loan” made by an unlicensed entity to a person physically located in Washington State is uncollectible and unenforceable in Washington State. A “small loan” is defined in RCW 31.45.073 and is a loan that does not exceed $700. Washington State residents with loans exceeding $700 are informed that Washington State law provides in RCW 31.04.035 that fees or interest charged in the making of a nonresidential loan by an unlicensed lender must be refunded to the borrower.
If you live in another state, go to the following webpage to find the regulator in your home state: http://mortgage.nationwidelicensingsystem.org/consumer/Pages/AgencyContacts.aspx.
For more information go to http://www.dfi.wa.gov/consumer/alerts/fort-belknap-indian-community-not-licensed-washington or contact the Washington Department of Finance at 1-877-RING-DFI (746-4334) or online at www.dfi.wa.gov.
Business Details
- Local BBB:
- BBB Great West + Pacific
- BBB File Opened:
- 10/17/2017
- Business Started:
- 6/8/2012
- Type of Entity:
- Limited Liability Company (LLC)
Additional Information
- Business Categories
- Consumer Finance Companies, Loans, Loan Originator
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