Cabrera Marilux Vs Oliphant Financial, Llc

This is a putative class action arising from Defendants’ unlawful purchase and

enforcement of alleged consumer debts without first obtaining a license to engage in business as

a consumer lender or sales finance company, as required by the New Jersey Consumer Finance

Licensing Act (“NJCFLA”),1 at N.J.S.A. 17:11C-3. As a result of Defendants’ unlicensed status,

the credit accounts became void and unenforceable as of the date the Defendants allegedly took

assignment of them, pursuant to the NJCFLA, at N.J.S.A. 17:11C-33(b).

Plaintiff and the putative class members are New Jersey consumers against whom

Defendants have unlawfully enforced consumer debts after unlawfully taking assignment of

them without a sales finance company or consumer lending license.

1

N.J.S.A. 17:11C-1 to -49