The Department issues a Final Order to Cease and Desist against Hyphen, LLC d/b/a/ Helix Financial.

Atlanta, Georgia – Today, an Order to Cease and Desist (“Order”) issued by the Georgia Department of Banking and Finance (“Department”) to Hyphen, LLC d/b/a/ Helix Financial (“Helix Financial”) for engaging in activities in violation of the Georgia Installment Loan Act (“GILA”), O.C.G.A. § 7-3-1 et seq., became final. 

The Order was issued by the Department after it obtained evidence that Helix Financial engaged in the business of making installment loans to Georgia consumers without a valid license or pursuant to an applicable exemption in violation of O.C.G.A. § 7-3-4(a).

Pursuant to Georgia law, it is prohibited for a person to engage in the business of making installment loans or acting as an installment lender in this state unless such person is licensed or exempt from licensure.

 

Contact:

Oscar B. Fears, III

Senior Deputy Commissioner

Phone: (770) 986-1650

E-mail: [email protected]

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