DFPI Enforcement Actions and Orders - December 2025
Summary
The California Department of Financial Protection and Innovation (DFPI) issued a summary of enforcement actions and orders for December 2025. These actions include desist and refrain orders, accusations, and license revocations against individuals and entities for violations of securities, debt collection, escrow, and financing laws.
What changed
The California Department of Financial Protection and Innovation (DFPI) has released its summary of enforcement actions for December 2025. The document details various administrative and civil actions taken against individuals and companies, including Ronald Eugene Happe, Bruce Hutchison, Central Fiscal Service, LLC, Escrow Technologies, Inc., David Ament, Dennis Chen, Beverly Jane Stickler, Dboss Funding, LLC, Craig Elliot Savage, Mark William Thatcher, Patrick Terrance Donlon, Vincent Pejman Mehdi zadeh, Jaime Emmanuel Ortega, ApplePie Capital Funding Solutions, LLC, Derek Scott Tubbs, and CrossCountry Mortgage, LLC. Violations cited include unlawful offer and sale of securities, investment adviser activity, debt collection, escrow law, and California Financing Law.
These actions represent binding orders and may result in significant penalties, including cease and desist orders, license revocations, barring individuals from industry positions, and administrative penalties. Regulated entities and individuals operating within California's financial services sector should review these actions to understand the DFPI's enforcement priorities and ensure compliance with relevant state laws. Failure to comply with these orders can lead to further enforcement actions and penalties.
What to do next
- Review December 2025 DFPI enforcement actions for potential impact on business operations.
- Ensure all activities related to securities, debt collection, escrow, and financing comply with California Corporations Code and Financial Code.
- Consult legal counsel if any named individuals or entities are associated with the organization.
Penalties
Includes administrative penalties, cease and desist orders, license revocations, and barring individuals from industry positions.
Source document (simplified)
SUMMARY OF ENFORCEMENT ACTIO NS AND NON-ENFORCEMENT ISSUED ACT IONS (ADMINISTRATI VE AND CIVIL) BY T HE CALIFORNIA DE PARTMENT OF FINANCIAL PROTECTION AND INNO VATION December 2025 ENFORCEMENT ACTI ONS VIOLATIO NS & SUBJECT ACTION CHARGING SECTIONS Ronald Eugene Ha ppe Desist and Refrai n Order Unlawful Offer and S ale of Main S treet As sociates, Inc. aka Securit ies Main S treet C apital Partners December 1, 2025 (Corporations Code Sections Fair Oaks, California 25110 and 25401) Bruce Hutc hison 1. Accusation in Support of Order to Unlawful I nvestment Adviser Bar B ruce Hutchison, from any Activ ity Desert Hot Springs, California Position of Employme nt, Manage ment or Control of any (Corporations Code Sections I nvestment Adviser, Broker -Dealer 25232.1, 25252 and 25532) or Commodity Adviser; and 2. Desist and Refrain Orde r December 1, 2025 1
VIOLATIO NS & SUBJECT ACTION CHARGING SECTIONS Central Fiscal S ervice, LLC Order Summarily Revoking Debt Unlawf ul Debt Collec tion Collection L ic ensing Act L icens e L icensing Act Ac tivity L os Angeles, California December 1, 2025 (Financial Code S ection s 90005(d) and 90015(d)(1)) Escrow Technolog ies, I nc. Notice and Summary of F indings Unlawful Escrow Law Activ ity Northridge, Califor nia December 5, 2025 (Financial Code S ection s Demand for and Or der Taking 17621, 17630 and 17415) Possession of the Trust Funds and Escrow Records of Esc row Technologies, I nc. Order Appointing B lake C. Alsbrook Conservator Order to Discontinue Escrow Activitie s December 8, 2025 2
VIOLATIO NS & SUBJECT ACTION CHARGING SECTIONS David Ament 1. Desist and Refrain Orde r; Unlawful Offer and S ale of DRA I nternational, I nc. 2. Claim for Ancillary Relief; Securit ies Peak Performance Global Equity, L L C 3. Notice of I nt ent to I ssue Order L evy ing Administra tive Penaltie s (Corporations Code Section San Francisco, Califor nia 25401) December 10, 2025 Dennis Chen Settl ement A greement Unlawful I nvestment Adviser Activ ity San Ramon, California December 12, 2025 (Corporations Code Sections 25213, 25532, 25210, 25216 and 25252) Beverly Jane Sti ckler Order Barring Beverly Jane St ickler Unlawful Escrow Law from any Posi tion of Employ ment, Activ ity Tulare, California Manage ment, or Control of any Escrow Agent (Financial Code S ection s 17414(a)(1) and (a)(2)) December 15, 2025 Dboss Funding, L LC Order Deny ing Application for Unlawful California Financ ing Califo rnia Fin ancing Law L icense L aw Activ ity L auderhill, Florida December 15, 2025 (Financial Code S ection 22100(a)) 3
VIOLATIO NS & SUBJECT ACTION CHARGING SECTIONS Craig Elliot Savag e Expungement Order De nied Unlawful Broker-Dealer Activ ity Atlanta, G eorg ia December 15, 2025 (Corporations Code Sections 25003, 25004 and 25241) Mark William Th atcher Expungement Order De nied Unlawful Broker-Dealer Activ ity Bermuda Dune s, California December 17, 2025 (Corporations Code Sections 25003, 25004 and 25241) Patri ck Terrance Don lon Settl ement A greement and C onsen t Mortgag e L oan Originator Order License Greenwood Villag e, Colorado December 18, 2025 (Financial Code S ection 50321) Vincent Pejman Mehdi zadeh ak a Desist and Refrai n Order Unlawful Offer and S ale of Vince Zadeh aka Securit ies Pejman Vince Zadeh December 19, 2025 Jaime Emmanue l Orteg a (Corporations Code Section THC Express 25130) L os Angeles, California Las Vegas, Nevada 4
VIOLATIO NS & SUBJECT ACTION CHARGING SECTIONS ApplePie Capital Funding Solutions, L L C Consent Order Unlawful California Financ ing L aw Activ ity Ply mouth, Michigan December 19, 2025 (Financial Code S ection 22712) Derek Scott Tubbs Accusati o n Unlawful California Financ ing L aw Activ ity Madison, Wisconsin December 26, 2025 Cleveland, Ohio (Financial Code S ection s 50513(a)(1), 50204(k) and (j), 50141(a)(3) and 50513(a)(1)-(2) CrossCountry Mortgag e, L L C Consent Order Unlawful California Financ ing L aw Activ ity Cleveland, Ohio December 26, 2025 (Financial Code S ection s 22712, 50321, 22100 and 50002.5) Fairway Inde pendent Mortgag e Corporation Consent Order Unlawful California Financing L aw Activ ity Madison, Wisconsin December 31, 2025 (Financial Code S ection s 22712, 50321, 22100 and 50002.5) 5
NON-ENFORCEMENT ACT IONS VIOLATIO NS & SUBJECT ACTION CHARGING SECTIONS Ronald Nilo G almarini Consent Order Granting Conditional Mortgag e L oan Originator M LO Li c e n s e License Tampa, Florida December 2, 2025 (Financial Code S ection s 50141, 50144, 22109.1 and 22109.4) Gabriel V izcarra Consent Order Gr anting Conditional Mortgage L oan Originator M LO Li c e n s e License L os Angeles, California December 8, 2025 (Financial Code S ection s 50141, 50144, 22109.1 and 22109.4) Home Pad L ending L LC Desis t and R efrain Order Unlawful California Financing L aw Activ ity Phoenix, Arizona Notice of I nt ention to I ssue Order Revoking California Fina ncing (Financial Code S ection s Law L i cense 22712 and 22714) Order Withdrawing N otice of I ntention to Issue O rder Revoking December 8, 2025 6
VIOLATIO NS & SUBJECT ACTION CHARGING SECTIONS Daiho Cap ital L L C Desist and Refrai n Order Unlawful California Financ ing L aw Activ ity I rvine, California Notice of I nt ention to I ssue Order Revoking California Fina ncing (Financial Code S ection s Law L i cense 22712 and 22714) December 9, 2025 BWWP, LL C dba Statement in Support of Order to Unlawful I nvestment Adviser Boracchia W iviot t Weal th P artners LLC Discontinue Violations Activ ity Lea L. Wivi ott Bo racchia Marc A. Boracchi a Order to Discontinue Violations (Corporations Code Section 25249) Palm Dese rt, Califor nia De cember 9, 2025 JHS Lending Ser vices, I nc. Desist and Refrai n Order Unlawful California Financ ing L aw Activ ity San L uis Obispo, California Notice of I nt ention to I ssue Order Revoking California Fina ncing (Financial Code S ection s Law L i cense 22712 and 22714) December 12, 2025 Order Withdrawing N otice of I ntention to Issue O rder Revoking Califo rnia Fin ancing Law L icense December 22, 2025 7
VIOLATIO NS & SUBJECT ACTION CHARGING SECTIONS Mortgage Financi al Freedom L.L.C. Order Revoking California Financing Unlawful California Financ ing Law L i cense L aw Activ ity Sacrament o, Cal iforni a December 12, 2025 (Financial Code S ection 22714) Tinishia Da nielle Wilcox Consent Order Granting Conditional Mortgag e L oan Originator M LO Li c e n s e License Las Vegas, Nevada December 18, 2025 (Financial Code S ection s 50141, 50144, 22109.1 and 22109.4) Uy en Phuong Thi Nguy en Consent Order Granting Conditional Mortgag e L oan Originator M LO Li c e n s e License San Ramon, California December 19, 2025 (Financial Code S ection s 50141, 50144, 22109.1 and 22109.4) Jam es Carnel l Lowery Jr. Consent Order Granting Conditional Mortgag e L oan Originator M LO Li c e n s e License North Holly wood, California December 23, 2025 (Financial Code S ection s 50141, 50144, 22109.1 and 22109.4) 8
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