dfpi-2023-0097

Westline Escrow — restitution order

Owner directed payoff wires to a personal account. Settled for full restitution plus a five-year industry bar.

Party
Westline Escrow Corp.
County
San Bernardino, CA
Year
2023
Amount at issue
$845K
Authority
California DFPI
Status
Settled

What happened

Three sellers reported payoff funds missing within a 90-day window in late 2022.

DFPI subpoenaed bank records and traced four wires totaling $845,000 to the owner's personal account.

Consent order entered February 2023. Full restitution paid by November 2023.

Primary sources

  • DFPI Consent Order
    DFPI File No. 963-2287