Rhode Island Department of Business Regulation, Division of Banking · RI
Primavera Financial Inc. - Order - Revocation - (2025-BK-016)
September 22, 2025
Summary
The Rhode Island Department of Business Regulation revoked the license of Primavera Financial, Inc. for failing to pay the annual license fee. The revocation became effective by default on September 22, 2025, after the company did not respond within the 15-day notice period. The company must immediately cease all lending activities requiring licensure in Rhode Island.
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:
PRIMAVERA FINANCIAL, INC.
DBR No. 2025-BK-016
RESPONDENT
NOTICE OF DEFICIENCY AND DEFAULT ORDER OF REVOCATION
The above-named respondent (Respondent) is licensed in Rhode Island, Nationwide Multistate License System (NMLS) #1283565 and Rhode Island License #20224435LL 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 September 22, 2025, 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.
DATE OF ISSUANCE: September 5, 2025 DATE OF FINAL DEFAULT: September 22, 2025
Source: https://dbr.ri.gov/media/32291/download
Common questions
- What does "Primavera Financial Inc. - Order - Revocation - (2025-BK-016)" cover?
- The Rhode Island Department of Business Regulation revoked the license of Primavera Financial, Inc. for failing to pay the annual license fee. The…
- 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 September 22, 2025.
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