Plain Green Loans
Unlicensed Payday Loans
Updated: March 28, 2013
The Washington State Department of Financial Institutions (DFI) has received complaints against Plain Green Loans. It appears that this entity is operating as a tribal online payday lender. This entity stated they are an entity wholly owned by the Chippewa Cree Tribe of the Rocky Boy's Indian Reservation of Montana, and that it has sovereign immunity.
Plain Green Loans is affiliated with Plain Green, LLC, who also does business as PlainGreenLoans.com. This entity asserts that it is not subject to regulation by DFI and that only the United States Government has jurisdiction over federally recognized Indian Tribes and their business activities.
Plain Green Loans is not licensed by DFI. This entity is not registered to conduct business in Washington State by the Department of Licensing, the Department of Revenue, or the Secretary of State. Washington residents are advised that state law provides in RCW 31.45.105(1)(d) and (3) that a small loan made by an unlicensed entity to a person physically located in Washington is uncollectible and unenforceable in Washington State.
Plain Green Loans operates a website at plaingreenloans.com, and lists its phone number as (866) 420-7159. The address that has been associated with this entity is: 93 Mack Road, Suite 600, P.O. Box 270, Box Elder, MT, 59521.
If you have a complaint against Plain Green Loans, you can mail it to:
Plain Green Loans
Attn: Consumer Complaints
PO Box 270
Box Elder, MT 59521
DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the “Verify a License” feature on DFI's website at www.dfi.wa.gov.
Payday Loan Collection Laws
Washington State law prohibits threatening or harassing behavior by individuals attempting to collect a debt. The federal Fair Debt Collection Practices Act states that debt collectors must send consumers a written notice within five days of the first collection phone call, stating the amount of the debt and what it relates to. Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers' places of employment.
If you feel you have been the victim of a loan scam, contact the Federal Trade Commission at 1-877-FTC-HELP (1-877-382-4357), or online at www.ftc.gov.
If you feel you have been the victim of a loan scam involving the Internet, contact the Internet Crime Complaint Center at www.ic3.gov.
If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.