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          Business Profile

          Mortgage Broker

          Mac Mortgage Inc

          This business is NOT BBB Accredited.

          Find BBB Accredited Businesses in Mortgage Broker.

          Information and Alerts

          BBB RatingB-

          Reasons for rating

          • Government action(s) against the business
          • Length of time business has been operating

          Alert Details

          This business has 1 alert.

          Government Actions

          DFPI vs Mac Mortgage Inc

          On January 2, 2024, the Commissioner notified CFL licensees of the deadline of March 15, 2024, to file their annual reports by sending a notice to the email address each CFL licensee must establish for communications from the Commissioner (Designated Email Address) pursuant to the Commissioner’s Order on Electronic Communications, dated November 22, 2013. The notice warned that the Commissioner could assess monetary penalties for untimely filing or failing to file pursuant to Financial Code section 22715(b). 

          As of April 3, 2024, Respondent had not filed its Annual Report with the Commissioner. As a result, the Commissioner issued a notice via email to Respondent’s Designated Email Address advising Respondent that its Annual Report filing was past due, and that it would be assessed a penalty and potentially summarily revoked. 

          On May 10, 2024, Respondent submitted its Annual Report, which was due on March 25, 2024, 34 business days late. Pursuant to Financial Code Section 22715, the maximum penalty that may be imposed for filing 34 business days late is $15,000.00 ($100 per business day for the first five business days and $500 per business day thereafter up to a maximum of $25,000). 

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