California Department of Corporations Issues Notice to DreamLife Financial.SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif. -- The Department of Corporations today announced that it has issued a notice of intention to revoke To annul or make void by recalling or taking back; to cancel, rescind, repeal, or reverse. revoke v. to annul or cancel an act, particularly a statement, document, or promise, as if it no longer existed. DreamLife Dreamlife is a role playing game with its own console targeted at girls ages 8-14. It is a game where players create girls, ranging from hair to clothes. In the game, players may buy clothes, make their best friend (which also has to be a girl) exactly the same way they made Financial finance lenders licenses because of the Turlock-based company's failure to provide truthful information in their initial lender/broker license application submitted to the Department. Although it has been reported that DreamLife has closed its doors, it still holds seven active licenses under the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Finance Lenders Law that would entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: DreamLife to continue making loans. DreamLife's main license was issued on June June: see month. 29, 2004 and the other six were issued on November 29, 2004. The Department found that the initial application filed in April 2004 identified Donald Benjamin as the president, secretary, treasurer, sole shareholder and person in charge of DreamLife. The additional six applications were filed in August 2004 naming several other individuals as the persons in charge of the other DreamLife locations. The Department received information recently that Tony Daniloo is the president of DreamLife and Paul Orvo is the chief executive officer although this was never disclosed to the Department. Further information disclosed that Benjamin was terminated from DreamLife in October. State codes require DreamLife to truthfully disclose information in its finance lenders license applications submitted to the Department of Corporations. The notice of intention to revoke DreamLife's license was handled by Senior Corporations Counsel Judith Hartley. The Department of Corporations is California's Investment and Financing Authority, reporting to the Business, Transportation and Housing Agency and the Governor. The Department is responsible for the regulation, enforcement and licensing of securities, franchises, off-exchange commodities, investment and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , independent escrows, consumer and commercial finance lending and residential mortgage lending. For further information or to obtain a complaint form, see the Department's Web site at www.corp.ca.gov or call 1-866-ASK-CORP (1-866-275-2677). |
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