Big Valley Band of Pomo Indians, Kali LLC dba Condor Credit - Not Licensed in Washington State

Alert number: 055871_2.9.23(2.24)

The Washington State Department of Financial Institutions (DFI) has received a complaint from a Washington State consumer against Kali LLC dba Condor Credit. The consumer reported obtaining a loan from Condor Credit that included excessive fees and interest.

According to information on its website, Condor Credit has been issued a Lender License from the Big Valley Band of Pomo Indians, a federally-recognized Indian Tribe. The Tribe's legal counsel confirmed that Condor Credit is fully owned by and formed under the laws of the Tribe. Layma dba Little Lake Lending also claims to be licensed by the Big Valley of Pomo Indians, and has engaged in similar activities.

Neither Kali LLC dba Condor Credit nor Layma dba Little Lake Lending are licensed in Washington State by the Department, by the Washington State Department of Licensing, by the Washington State Department of Revenue, or by the Washington State Secretary of State.

It appears that Condor Credit operates a website at [www.condorcredit.com] and lists its contact information as:

2770 Mission Rancheria Rd., #747
Lakeport, CA 95453
Phone: 844*611*5564
[[email protected]]

DFI warns Washington 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.

Not provide any personal information, such as social security number or bank account number or access if the company is not licensed or authorized to conduct business.

Report Unlicensed Lending Activity or Fraud

Washington State residents only: If you suspect unlicensed activity by a payday lender or consumer loan company, please contact the Department at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov. Even if your activity involves a loan over the internet, a license may still be required.

If you live in another state, go to this webpage to find the regulator in your home state. http://mortgage.nationwidelicensingsystem.org/consumer/Pages/AgencyContacts.aspx.