Navitas was ordered to pay a $4 million penalty for unlicensed lending activities under California Financing Law.
What changed
The enforcement action penalizes Navitas for operating without the necessary licensing.
Compliance perspective
Companies must ensure they are correctly licensed to operate in California to avoid significant penalties.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.