Business ProfileforSound Finance Corporation
Current Alerts For This Business
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 July 11, 2022, The Department of Financial Protection and Innovation (DFPI) filed a Consent Order against Sound Finance Corporation.
The Order alleges that from June 23, 2016, to April 8, 2022, Sound Finance Corporation made commercial loans and engaged in the business of a finance lender without first obtaining a Finance Lender's license with the DFPI. Sound Finance Corporation neither admits nor denies these allegations. In consideration of the allegations, the DFPI and Sound Finance Corporation have agreed to a number of terms and conditions, including the requirements that Sound Finance Corporation desist and refrain from making commercial loans or engaging in the business of a finance lender without first obtaining a Finance Lender's license; Sound Finance Corporation pay a $10,000 administrative penalty; and that Sound Finance Corporation provide an estimated total of $251,063.01 in refunds to various California-based clients.
For more information, please contact the State of California Department of Financial Protection and Innovation at (866) 275-2677 or https://dfpi.ca.gov/.
At-a-glance
Related Categories
Overview
and brokers. These services include; freight factoring, fuel discount cards, short term loans . Offering high advance rates, low fees and same day funding; our services are tailored to meet the rigorous demands of transportation clients.
Business Details
This is a multi-location business.
- Headquarters
- 1851 Central Pl S Ste 205, Kent, WA 98030-7507
- BBB File Opened:
- 5/9/2018
- Years in Business:
- 8
- Business Started:
- 5/7/2016
- Business Incorporated:
- 5/7/2016
- 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.
- Type of Entity:
- Corporation
- Business Management
- Mr. Harvey S Virk, President
- Rajpreet Kaur, Principal
- Contact Information
Principal
- Mr. Harvey S Virk, President
- Rajpreet Kaur, Principal
Customer Contact
- Mr. Harvey S Virk, President
Customer Complaints
0 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 ComplaintBBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.