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Violation Tracker Individual Record

Company: EDvantage LLC
Penalty: $236,309
Year: 2019
Date: August 15, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The Department of Financial Services entered into a settlement with student loan servicer Tuition Options LLC and its parent company, EDvantage LLC, under which the companies agreed to pay a $203,000 civil penalty and $33,309 in disgorgement to resolve an investigation of whether Tuition Options engaged in the business of a sales finance company without a license.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.