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NATIONWIDE BIWEEKLY ADMINISTRATION, INC.

Company Details

Name: NATIONWIDE BIWEEKLY ADMINISTRATION, INC.
Legal type: Foreign Corporation
Status: Inactive
Standing: Bad
Profit or Non-Profit: Profit
File Date: 14 Jul 2004 (21 years ago)
Authority Date: 14 Jul 2004 (21 years ago)
Last Annual Report: 19 Jun 2018 (7 years ago)
Organization Number: 0590396
Principal Office: 855 LOWER BELLBROOK ROAD, XENIA, OH 45385
Place of Formation: OHIO

Secretary

Name Role
DANIEL S LIPSKY Secretary

Treasurer

Name Role
DANIEL S LIPSKY Treasurer

Director

Name Role
DANIEL S LIPSKY Director

Registered Agent

Name Role
KY SECRETARY OF STATE Registered Agent

President

Name Role
DANIEL S LIPSKY President

Licenses

Department License Number License Type / Line of Authority Status Issue Date Effective Date Inactive Date Expiry Date Address
Department of Financial Institutions SC91755 Money Transmitter Closed - Surrendered License - - - - 855 Lower Bellbrook RoadXenia , OH 45385

Former Company Names

Name Action
NATIONWIDE BI-WEEKLY ADMINISTRATION, INC. Old Name

Assumed Names

Name Status Expiration Date
STANDARD PAYMENT PROCESSING Inactive 2020-11-05
SYNERGISTIC PAYMENT PROCESSING Inactive 2020-11-05

Filings

Name File Date
Sixty Day Notice Return 2019-10-28
Revocation of Certificate of Authority 2019-10-16
Annual Report 2018-06-19
Annual Report 2017-06-26
Annual Report 2016-06-28
Certificate of Assumed Name 2015-11-05
Certificate of Assumed Name 2015-11-05
Annual Report 2015-05-28
Annual Report 2014-06-06
Annual Report 2013-06-28

CFPB Complaint

Complaint Id Date Received Issue Product
2682713 2017-09-23 Trouble during payment process Mortgage
Issue Trouble during payment process
Timely Yes
Company Nationwide Biweekly Administration, Inc.
Product Mortgage
Sub Product Conventional home mortgage
Date Received 2017-09-23
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2017-09-23
Complaint What Happened Upon the closing of the purchase of our home in XXXX XXXX, we received a solicitation in the mail for Nationwide Bi-Weekly 's program. We signed up with Nationwide on XXXX/XXXX/XXXX, on the promise that our mortgage would be paid off sooner than 30 years. Our bi-weekly payment was set at {$340.00} for a total monthly payment of {$680.00}. We were charged a " one-time set up fee '' of {$340.00} at the beginning of the contract. In XXXX XXXX, we received a letter from Nationwide stating that " due to the loss of [ their ] banking relationships, [ our ] account will be temporarily deactivated effective immediately. '' We were further instructed that we should make all further payments to our mortgage lender directly ourselves. Just XXXX months prior, we had attempted to set up bi-monthly payments directly with our lender, and were informed that if we changed our payment plans, would essentially be terminating our contract with Nationwide, and we would lose our " set-up fee '' of {$340.00}. This was counterproductive to the goal we were attempting to accomplish, and no small amount of money for us to lose, so we felt we were forced to stay with Nationwide. Since XXXX XXXX, we have sought the assistance of the Kentucky Attorney General 's office, and did not get any relief. Now we have discovered that the CFPB recently sued Nationwide Bi-Weekly and won. In auditing our bank account for the amounts paid to Nationwide versus the amounts paid to our mortgage lender by Nationwide on our behalf, it appears that there was a difference of {$410.00} that Nationwide must have kept/profited, as that amount of money was not applied to our account with our mortgage lender, in addition to the {$340.00} " set-up fee '' that they are still holding, without just cause.
Consumer Consent Provided Consent provided

Related by officers

KY SECRETARY OF STATE

INTERMETRO INDUSTRIES CORPORATION DATALINK CORPORATION ENTERPRISE FLEET SERVICES, INC. REGIONS MORTGAGE, INC. COMPASS EQUIPMENT LEASING, INC. PRODUCERS AMERICA, INC. TANSECO SYSTEMS, INC. NEW MILLENNIUM COMMUNICATIONS CORP LENDERS RESIDENTIAL ASSET COMPANY LLC TRILLIUM INDUSTRIES, INC.

Related by address

855 LOWER BELLBROOK ROAD, XENIA, OH 45385

INTEREST MANAGEMENT, LLC

Sources: Kentucky Secretary of State

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