dfpi-2024-0118
Pacific Crest Settlement Services — desist and refrain
Unlicensed escrow activity. Operator collected funds for refinance closings without an escrow agent license.
- Party
- Pacific Crest Settlement Services, LLC
- County
- Orange, CA
- Year
- 2024
- Amount at issue
- $1.27M
- Authority
- California DFPI
- Status
- Active enforcement
What happened
Complaint filed by two homeowners who wired payoff funds that never reached the existing lender.
DFPI issued desist and refrain order in June 2024.
Civil restitution action pending in Orange County Superior Court.
Primary sources
- DFPI Desist and Refrain OrderDFPI File No. 963-2419