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IN THE MATTER OF:
RA LAW GROUP
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WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of Sections 36a-671 to 36a-671d, inclusive, of the Connecticut General Statutes contained in Part II of Chapter 669 of the Connecticut General Statutes, “Debt Adjusters and Debt Negotiation”;
WHEREAS, RA Law Group is a California law corporation with a place of business at 801 N. Brand Boulevard, Suite 250, Glendale, California;
WHEREAS, the Commissioner, through the Consumer Credit Division (“Division”) of the Department of Banking, conducted an investigation pursuant to Section 36a-17 of the Connecticut General Statutes into the activities of RA Law Group to determine if RA Law Group had violated, was violating or was about to violate the provisions of the Connecticut General Statutes within the jurisdiction of the Commissioner;
WHEREAS, as a result of such investigation, the Commissioner alleges that from at least May 2010 to October 2010, RA Law Group was engaged in unlicensed debt negotiation activity in Connecticut, in violation of Section 36a-671(b) of the Connecticut General Statutes;
WHEREAS, the Commissioner believes that such allegation would support initiation of enforcement proceedings against RA Law Group, including proceedings to issue a cease and desist order against RA Law Group pursuant to Sections 36a-671a(b) and 36a-52(a) of the Connecticut General Statutes and impose a civil penalty of up to one hundred thousand dollars ($100,000) per violation upon RA Law Group pursuant to Sections 36a-671a(b) and 36a-50(a) of the Connecticut General Statutes;
WHEREAS, initiation of such enforcement proceedings would constitute a “contested case” within the meaning of Section 4-166(2) of the Connecticut General Statutes;
WHEREAS, Section 4-177(c) of the Connecticut General Statutes and Section 36a-1-55(a) of the Regulations of Connecticut State Agencies provide that a contested case may be resolved by consent order, unless precluded by law;
WHEREAS, both the Commissioner and RA Law Group acknowledge the possible consequences of formal administrative proceedings, and RA Law Group voluntarily agrees to consent to the entry of the sanctions described below without admitting or denying any allegation contained herein and solely for the purpose of obviating the need for further formal administrative proceedings concerning the allegation contained herein;
WHEREAS, by letter dated October 18, 2010, RA Law Group represented that it would immediately cease and desist from engaging or offering to engage in debt negotiation in this state;
WHEREAS, RA Law Group has provided evidence to the Division that it has refunded in full all fees paid to RA Law Group by the three (3) Connecticut residents who had retained RA Law Group for debt negotiation services;
WHEREAS, RA Law Group herein represents that it is not aware of any additional Connecticut residents who had retained RA Law Group for debt negotiation services since October 1, 2009;
AND WHEREAS, RA Law Group, through its execution of this Consent Order, voluntarily agrees to waive its procedural rights, including a right to notice and an opportunity for hearing as it pertains to the allegation set forth herein, and voluntarily waives its right to seek judicial review or otherwise challenge or contest the validity of this Consent Order.
CONSENT TO ENTRY OF SANCTIONS
WHEREAS, RA Law Group through its execution of this Consent Order, consents to the Commissioner’s entry of a Consent Order imposing the following sanctions:
|1.||No later than the date this Consent Order is executed by RA Law Group, RA Law Group shall remit to the Department of Banking by cashier’s check, certified check or money order made payable to “Treasurer, State of Connecticut”, the sum of Three Thousand Dollars ($3,000) as a civil penalty;|
|2.||RA Law Group shall immediately cease and desist from engaging or offering to engage in unlicensed debt negotiation activity in Connecticut, in violation of Section 36a-671(b) of the Connecticut General Statutes; and|
RA Law Group shall refund all monies paid to RA Law Group by Connecticut residents for debt negotiation services from October 2009 through the date this Consent Order is issued and shall promptly provide satisfactory evidence of such repayment to: Marlene Mannix, Division Director, Consumer Credit Division, Department of Banking, 260 Constitution Plaza, Hartford, Connecticut 06103-1800, or email@example.com.
NOW THEREFORE, the Commissioner enters the following:
|1.||The Sanctions set forth above be and are hereby entered;|
|2.||Upon issuance of this Consent Order by the Commissioner, this matter will be resolved and the Commissioner will not take any future enforcement action against RA Law Group based upon the allegation contained herein; provided that issuance of this Consent Order is without prejudice to the right of the Commissioner to take enforcement action against RA Law Group based upon a violation of this Consent Order or the matters underlying its entry, if the Commissioner determines that compliance with the terms herein is not being observed or if any representation made by RA Law Group and reflected herein is subsequently discovered to be untrue; and|
This Consent Order shall become final when issued.
Dated at Hartford, Connecticut
this 24th day of March 2011. ________/s/_________
Howard F. Pitkin
CONSENT TO ENTRY OF ORDER
I, Romel Ambarchyan, state on behalf of RA Law Group, that I have read the foregoing Consent Order; that I know and fully understand its contents; that I am authorized to execute this Consent Order on behalf of RA Law Group; that RA Law Group agrees freely and without threat or coercion of any kind to comply with the sanctions entered and terms and conditions ordered herein; and that RA Law Group voluntarily agrees to enter into this Consent Order, expressly waiving the procedural rights set forth herein as to the matters described herein.
Name: Romel Ambarchyan
RA Law Group
State of: California
County of: Los Angeles
On this the 17th day of March 2011, before me, Elizabeth H. Garcia, Notary Public, the undersigned officer, personally appeared Romel Ambarchyan who acknowledged himself to be the CEO/Owner of RA Law Group, a corporation, and that he as such CEO/Owner, being authorized so to do, executed the foregoing instrument for the purposes therein contained, by signing the name of the corporation by himself as CEO/Owner.
In witness whereof I hereunto set my hand.
Date Commission Expires: Oct. 16, 2014