Express1 LLC License Revoked by DIFS for Deferred Presentment Violations

STATE OF MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES Before the Director of the Department of Insurance and Financial Services

In the matter of:

Express1, LLC Enforcement Case No. 25-18600

License No. DP-0025514 License No. DP-0025515 License No. DP-0025516

_______________________/ Issued and entered on April 13, 2026, by Aaron E. Luetzow, Senior Deputy Director ORDER ACCEPTING STIPULATION

Based upon the Stipulation to Entry of Order and the files and records of the Department of Insurance and Financial Services (DIFS) in this matter, the Senior Deputy Director finds and concludes that:

1. The Senior Deputy Director has jurisdiction and authority to adopt and issue this Order Accepting
   Stipulation in this proceeding pursuant to the Michigan Administrative Procedures Act of 1969 (APA), as amended, MCL 24.201 et seq., and the Deferred Presentment Service Transactions Act (the Act), MCL 487.2121 et seq.

2. All required notices have been issued in this case, and the notices and service thereof were
   appropriate and lawful in all respects.

3. Acceptance of the Stipulation to Entry of Order is reasonable and in the public interest.

4. All applicable provisions of the APA have been either satisfied or waived by all Parties.

5. On or about November 5, 2025, DIFS served a Notice of Opportunity to Show Compliance (NOSC) on Respondent. In the NOSC, DIFS asserted that Respondent's conduct failed to meet all the
   requirements established in the Act. The NOSC further alleged that, in turn, Respondent committed acts that justify the imposition of sanctions on Respondent under Section 48(1) of the Act, MCL 487.2168(1), including but not limited to, civil fines, suspension and/or revocation of Respondent's license.

6. George Yusubov is the sole officer, director, and member of Respondent.

7. Respondent and Mr. Yusubov neither admit nor deny the allegations set forth in the NOSC, but have
   agreed to the Stipulation to Entry of Order to resolve this matter.

Order Accepting Stipulation and Requiring Compliance and Payment of Fines Enforcement Case No. 25-18600 Page 2 of 2

Now therefore, based upon the Stipulation to Entry of Order and the facts surrounding this case, IT IS

ORDERED THAT:

1. All agreements contained in the Stipulation to Entry of Order are accepted and adopted in their
   entirety.

2. Respondent and Mr. Yusubov shall comply with all terms agreed to in the Stipulation to Entry of
   Order. A failure to comply with a term in the Stipulation shall be deemed a violation of this Order.

3. Respondent's licenses under the Act (Nos. DP-0025514, DP-0025515, and DP-0025516) are hereby
   REVOKED as of the Effective date of this Order.

4. Respondent and Mr. Yusubov shall not be eligible for, and shall not make application for, licensure under any of the financial licensing acts administered by the DIFS' Office of Consumer Finance
   (OCF).

5. The Senior Deputy Director retains jurisdiction over the matters contained herein and has the
   authority to issue such further order(s) as shall be deemed just, necessary, and appropriate in accordance with the Act. Failure to abide by the terms and provisions of the Stipulation to Entry of Order and this Order may result in the commencement of additional proceedings.

___________________________________ Dated: April 13, 2026 Aaron E. Luetzow Senior Deputy Director

STATE OF MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES Before the Director of the Department of Insurance and Financial Services

In the matter of:

Express1, LLC Enforcement Case No. 25-18600

License No. DP-0025514 License No. DP-0025515 License No. DP-0025516

_______________________/ STIPULATION TO ENTRY OF ORDER

Express1, LLC (Respondent) agrees and stipulates to the following:

1. Express1, LLC (Respondent) was licensed pursuant to the Deferred Presentment Service Transactions Act (the Act), 2005 P.A. 244, MCL 487.2121 et seq. At all relevant times set forth herein, Respondent engaged in the business of providing deferred presentment service transactions in the state of Michigan.
2. George Yusubov (Mr. Yusubov) is the sole officer, director, and member of Respondent.
3. Respondent and Mr. Yusubov have had the opportunity to have this Order Accepting Stipulation and Stipulation to Entry of Order (collectively "Consent Order") reviewed by legal counsel.
4. Respondent and Mr. Yusubov have read and understand this Consent Order.

5. Respondent understands that Respondent has a right to a hearing before an administrative law
   judge, at which DIFS would be required to prove the charges set forth by presentation of evidence and legal authority and at which Respondent would be entitled to appear, to cross-examine all witnesses presented by DIFS, and to present such testimony or other evidence or legal authority deemed appropriate as a defense to said charges. Respondent understands and intends that by agreeing to the Consent Order, Respondent is knowingly and voluntarily waiving Respondent's right, pursuant to the Act, the Administrative Procedures Act (APA), MCL 24.201 et seq., and applicable administrative rules to a hearing before an administrative law judge.

6. Respondent agrees that all parties have complied with the procedural requirements of the Act and
   the APA.

7. The Senior Deputy Director retains jurisdiction over the matters contained herein.

8. Pursuant to Section 20(4) of the Act, MCL 487.2140(4), DIFS staff conducted an examination of Respondent's business and records at Respondent's Lincoln Park (License No. DP-0025515) and Pontiac (License No. DP-0025514) locations. The on-site examination began on September 5, 2024, and ended on November 4, 2024.
   Stipulation to Entry of Order Requiring Compliance and Payment of Civil Fines Enforcement Case No. 25-18600 Page 2 of 3

9. At all relevant times set forth herein, Respondent's Pontiac location was located at 1913 North Perry Street, Pontiac, Michigan 48340.

10. At all relevant times set forth herein, Respondent's Lincoln Park location was located at 3693 Dix Highway, Lincoln Park, Michigan 48146.

11. After completing the on-site examination at Respondent's Pontiac and Lincoln Park locations, DIFS staff formalized DIFS' initial findings in a Report of Examination (Report) that was delivered to Respondent on or about August 28, 2025. The Report identified numerous violations of law and instructed Respondent to provide a response with corrective measures to address the violations.

12. Respondent submitted to DIFS a written response to the Report on or about May 28, 2025. The response presented corrective action that Respondent planned to take to address the violations identified in the Report. DIFS Staff reviewed Respondent's written responses to the Report. After reviewing Respondent's written response, DIFS staff found enforcement action was warranted.

13. On November 5, 2025, DIFS issued a Notice of Opportunity to Show Compliance (NOSC) to

14. On February 4, 2026, an informal compliance conference was held between DIFS staff and

15. Respondent and Mr. Yusubov neither admit nor deny the allegations set forth in the NOSC, but have
    agreed to enter into this Stipulation to Entry of Order to resolve this matter.

16. Respondent agrees that, in lieu of further disciplinary action, Respondent's licenses under the Act (Nos. DP-0025514, DP-0025515, and DP-0025516) are hereby revoked as of the Effective date. "Effective date" means the date that this Consent Order is issued and entered as shown in the caption
    hereof.

17. Respondent and Mr. Yusubov, shall not be eligible for, and shall not make application for, licensure under any of the financial licensing acts administered by the DIFS' Office of Consumer Finance
    (OCF).

18. Respondent warrants and represents that it is currently a defunct corporate entity under the laws of
    the State of Michigan.

19. All parties consent to entry of the Consent Order upon its approval by the Senior Deputy Director.

20. Respondent and Mr. Yusubov understand that this Consent Order will be presented to the Senior
    Deputy Director for approval and that the Senior Deputy Director may or may not approve and adopt it. Respondent and Mr. Yusubov further agree that the Senior Deputy Director has jurisdiction and authority to approve and adopt this Consent Order.

4/10/2026