Equity Logic LLC held a California Consumer Finance Lender license and provided consumer credit products, matching the Strong Yes criteria for Lending Providers (non-bank credit providers).
Low confidence — REQUIRES HUMAN REVIEW. This is an enforcement/licensing action with no investment, asset management, or deposit-taking dimension; Investment Services does not apply as the entity is not a child category trigger.
Specialism
The DFPI has permanently revoked the consumer finance lender license of Equity Logic LLC, which is an explicit license revocation action by a financial regulator.
Mandatory inheritance: Licence Revocation is a child of Enforcement, so Enforcement must be raised as the secondary tag.
2026-03-13 21:08:22·ataylor@vixio.com
Meta Id
2966725
GUID
f526c2d007d8a6593bc55d781a8bc226
Enforcement orders to Equity Logic LLC
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TITLE: California Department of Financial Protection and Innovation Revokes Equity Logic LLC's Consumer Finance Lender License
BODY:
On February 24, 2026, the California Department of Financial Protection and Innovation (DFPI) issued an Order Summarily Revoking the consumer finance lender license of Equity Logic LLC (NMLS # 2095320). The revocation followed a Notice of Intent to Issue Penalties issued on February 13, 2026.
Equity Logic LLC, operated by Rakesh Patel, held a California Consumer Finance Lender license (CCFPL # 01-CCFPL-2095320-3431487). The DFPI's summary revocation indicates the agency determined grounds existed to revoke the entity's license without proceeding through standard administrative proceedings. Summary revocation orders are typically issued when the DFPI identifies serious violations or circumstances that pose immediate risk to consumers or the integrity of California's financial services market.
The initial action date of February 13, 2026, marks when the DFPI first notified Equity Logic LLC of its intent to impose penalties. The subsequent revocation order issued 11 days later on February 24, 2026, represents the final enforcement action. This action removes Equity Logic LLC from operating as a licensed consumer finance lender in California. Consumers with outstanding accounts or concerns regarding Equity Logic LLC should contact the DFPI's Consumer Services Office at 1-866-275-2677 for assistance.
REFERENCES:
California Department of Financial Protection and Innovation. Actions and Orders: Equity Logic LLC. Available at: https://dfpi.ca.gov/