Important regulatory and compliance information for our clients
Official information about our regulatory compliance
Adullam Financial Services, Inc. is a financial institution regulated by multiple federal and state authorities. We are committed to maintaining the highest standards of transparency, integrity, and compliance with all applicable laws and regulations.
Adullam Financial Services is subject to oversight by the following federal regulatory bodies:
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552.
We periodically undergo examinations by these regulatory authorities to ensure ongoing compliance with applicable laws and regulations. We maintain robust compliance management systems and invest in regular training and monitoring to uphold our regulatory obligations.
State licensing information for our lending operations
Adullam Financial Services is licensed to operate as a lender in multiple states across the United States. Below is a summary of our current state licenses. For the most up-to-date licensing information, you may also verify our status through the Nationwide Multistate Licensing System & Registry (NMLS ID #12345678).
Licensed Consumer Lender
New York Department of Financial Services
California Financing Law License
Department of Financial Protection & Innovation
Regulated Lender License
Office of Consumer Credit Commissioner
Consumer Finance License
Office of Financial Regulation
Consumer Installment Loan License
Division of Financial Institutions
Small Loan License
Division of Banks
To verify our licenses or file a complaint, you may contact your state's regulatory agency directly or visit the NMLS Consumer Access website at www.nmlsconsumeraccess.org.
Due to varying state regulations, certain loan products may not be available in all states. Before applying for a loan, please verify that the product is available in your state of residence.
How we collect, use, and protect your information
This is a summary of our privacy practices. For complete details, please review our full Privacy Policy.
We collect various types of personal information to provide and improve our services:
We use the information we collect for various business purposes, including:
| Recipients | Types of Information | Purpose | Opt-Out Available |
|---|---|---|---|
| Service Providers | Personal and Financial | Process transactions, service accounts | No |
| Financial Institutions | Transaction Information | Process payments, fund loans | No |
| Credit Bureaus | Account and Payment History | Credit reporting, identity verification | No |
| Marketing Partners | Contact Information | Promotional offers | Yes |
| Government Agencies | Various, as required | Legal compliance | No |
Depending on your state of residence, you may have the following rights regarding your personal information:
California residents have specific rights under the California Consumer Privacy Act (CCPA) and the California Privacy Rights Act (CPRA). Please see our full Privacy Policy for details on how to exercise these rights.
Our commitment to legal and ethical standards
Adullam Financial Services is committed to maintaining the highest standards of legal and ethical conduct in all our operations. Our comprehensive compliance framework ensures we meet or exceed all applicable requirements across the lending and financial services industry.
We are committed to fair and equitable lending practices that do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, or other protected classes.
We maintain robust data security measures that comply with industry standards and regulatory requirements to protect customer information.
We adhere to Truth in Lending Act requirements, providing clear, accurate disclosures about loan terms and costs.
Our AML program includes customer identification, transaction monitoring, and suspicious activity reporting in compliance with Bank Secrecy Act requirements.
We are committed to preventing unfair, deceptive, or abusive acts or practices in all customer interactions.
We follow all Fair Credit Reporting Act requirements for credit information use, reporting, and consumer rights.
Adullam Financial Services undergoes regular internal and external compliance audits to ensure ongoing adherence to all applicable laws and regulations. Our compliance program is reviewed and updated regularly to address evolving regulatory requirements.
Adullam Financial Services is committed to making credit products available to all qualified applicants without regard to race, color, religion, national origin, sex, marital status, age, income derived from public assistance programs, or good faith exercise of rights under the Consumer Credit Protection Act. Our underwriting criteria are applied consistently to all applicants, subject only to individual credit risk assessment and product eligibility parameters.
Information about our business partners and service providers
Adullam Financial Services partners with various third-party entities to facilitate our operations and provide comprehensive financial services to our customers. We carefully select our partners and ensure they maintain the same high standards of compliance, security, and customer service that we uphold.
First National Bank (FDIC #12345) is our primary banking partner for loan origination and funds disbursement. They are a federally chartered financial institution regulated by the Office of the Comptroller of the Currency.
Relationship: Loan Funding Partner
SecurePay handles payment processing for all loan repayments. They are a PCI-DSS Level 1 compliant payment processor with advanced security protocols to protect customer payment information.
Relationship: Payment Processor
CreditSystems provides credit scoring and verification services used in our underwriting process. They are a consumer reporting agency subject to the Fair Credit Reporting Act.
Relationship: Credit Assessment Provider
CloudSafe provides secure cloud hosting services for our loan management platform. They maintain SOC 2 Type II certification and implement industry-leading security practices.
Relationship: Technology Infrastructure Provider
We maintain a rigorous service provider management program that includes:
When we share information with third parties to facilitate our services, we require these parties to maintain appropriate safeguards for customer information and use the information only for the specified purpose. For more details about how we share information with third parties, please refer to our Privacy Policy.
Adullam Financial Services is an Equal Housing Lender. We do business in accordance with the Fair Housing Act and Equal Credit Opportunity Act. We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.