Rhode Island Department of Business Regulation, Division of Banking · RI
Fortress Trust LLC - Order-Revocation - (2026-BK-004)
February 25, 2026
Summary
The Rhode Island Division of Banking revoked the currency transmitter license of Fortress Trust LLC (NMLS #2318097) due to failure to pay the annual license fee. The revocation took effect by default on February 25, 2026, after the company did not respond to a notice of deficiency. Fortress Trust must immediately cease all licensed activities.
STATE OF RHODE ISLAND
DEPARTMENT OF BUSINESS REGULATION DIVISION OF BANKING 1511 PONTIAC AVENUE, BUILDING. 68-1 CRANSTON, RHODE ISLAND 02920
IN THE MATTER OF:
FORTRESS TRUST LLC
DBR No. 2026-BK-004
RESPONDENT
NOTICE OF DEFICIENCY AND DEFAULT ORDER OF REVOCATION
The above-named respondent (Respondent) is licensed in Rhode Island, Nationwide Multistate License System (NMLS) # 2318097 and Rhode Island License #20224477CT as identified below:
- Currency Transmitter
- Loan Broker
- Lender
- Third Party Loan Servicer
- Check Casher
- Small Loan Lender
Pursuant to R.I. Gen. Laws § 19-14-14(b), this Notice of Deficiency is to inform Respondent of revocation without hearing for:
- Failure to pay annual license fee
- Failure to maintain in effect the required bond or bonds
- Failure to maintain net worth requirements
This notice is being sent, in writing, to respondent and to Corporation Service Company, as registered attorney for service at their current respective addresses according to records of the Division of Banking (Division).
Pursuant to R.I. Gen. Laws § 19-14-14(b), failure of Respondent to respond within fifteen days of this notice will result in a revocation of license by default without hearing.
Unless on or before February 25, 2026, the Division receives:
- Annual license fee payment(s)
- Sufficient information to confirm bond or bonds
- Sufficient information to confirm net worth requirements
this notice will self-execute as the final Revocation of License as of the below date of final default.
Upon the date of final default, Respondent’s license(s) shall be deemed revoked pursuant to R.I. Gen. Laws § 19-14-14(a). Accordingly, the Respondent shall immediately cease and desist from engaging in any activity requiring licensure under the revoked license(s)
NOTICE PURSUANT TO R.I. GEN. LAWS § 42-35-12
THIS ORDER CONSTITUTES A FINAL ORDER OF THE DEPARTMENT OF BUSINESS REGULATION, BANKING DIVISION, PURSUANT TO RHODE ISLAND GENERAL LAWS TITLE 42, CHAPTER 35. FINAL AGENCY ACTIONS ARE GENERALLY APPEALABLE TO THE SUPERIOR COURT WITHIN THIRTY (30) DAYS OF THE DATE OF THE ACTION BY FILING A PETITION FOR REVIEW OF SAID COURT.
Elizabeth Kelleher Dwyer Superintendent of Banking Rhode Island Department of Business Regulation
DATE OF ISSUANCE: February 11, 2026 DATE OF FINAL DEFAULT: February 25, 2026
CERTIFICATION OF SERVICE FOR DATE OF NOTICE OF DEFICIENCY
I hereby certify that a copy of this Notice of Deficiency and Default Order of Revocation was sent by email and certified mail to the following addresses:
FORTRESS TRUST LLC 10845 Griffith Peak Dr. Suite 200A, Las Vegas NV 89135 Tracking: 91 7108 2133 3934 8878 9431
and
Corporation Service Company 222 Jefferson Blvd. Suite 200, Warwick RI 02888 Tracking: 91 7108 2133 3934 8878 9448
CERTIFICATION OF SERVICE FOR DATE OF REVOCATION
I hereby certify that a copy of this Notice of Deficiency and Default Order of Revocation was sent by email and certified mail to the following addresses:
FORTRESS TRUST LLC 10845 Griffith Peak Dr., Suite 200A, Las Vegas, NV 89135 Tracking: 91 7108 2133 3939 5859 0185
and
Corporation Service Company 222 Jefferson Blvd. Suite 200, Warwick, RI 02888 Tracking: 91 7108 2133 3939 5859 0178
Source: https://dbr.ri.gov/media/35776/download
Common questions
- What does "Fortress Trust LLC - Order-Revocation - (2026-BK-004)" cover?
- The Rhode Island Division of Banking revoked the currency transmitter license of Fortress Trust LLC (NMLS #2318097) due to failure to pay the annual…
- Which agency issued this update?
- This update was issued by Rhode Island Department of Business Regulation, Division of Banking.
- When was it published?
- It was published on February 25, 2026.
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