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pc nid 91349 Mar 13, 2026 ataylor@vixio.com California Department of Financial Protection & Innovation horizon scanning
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California's Department of Financial Protection and Innovation Issues Desist and Refrain Order Against OCM Funding, LLC

On March 13, 2026, the California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order against OCM Funding, LLC, a licensed entity operating under California Finance Lender License number 60DBO-184579. The order requires OCM Funding, LLC to cease and desist from engaging in specified conduct. The DFPI simultaneously issued a Notice of Intention accompanying the enforcement action. The specific violations or conduct that prompted the order are detailed in the accompanying enforcement documents. OCM Funding, LLC is subject to the DFPI's regulatory oversight as a California finance lender, which operates under the California Financing Law and related state regulations governing consumer lending activities. Desist and Refrain Orders are enforcement tools used by the DFPI to compel regulated entities to stop unlawful or unsafe practices. This action affects OCM Funding, LLC's ability to conduct certain business activities in California and may have implications for its existing customers and operations. Entities and consumers with questions regarding this enforcement action or OCM Funding, LLC's compliance status can contact the DFPI's Consumer Services Office at 1-866-275-2677 for further assistance and information. **Reference:** California Department of Financial Protection and Innovation. OCM Funding, LLC – License or Case Number CFL # 60DBO-184579. Available at: https://dfpi.ca.gov/

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California Department of Financial Protection and Innovation Issues Desist and Refrain Order Against OCM Funding

On March 13, 2026, the California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order (the order) against OCM Funding, LLC (OCM Funding), a licensed finance lender. According to the terms of the order, OCM Funding failed to maintain a mandatory surety bond of $25,000 in violation of California Financial Code section 22112 , despite receiving a formal warning from the DFPI Commissioner in May 2025. The order legally mandates that OCM Funding immediately desist and refrain from further violations by reinstating its surety bond in compliance with Financial Cede section 22112.