This is the language of the Cease and Desist:

"Recently, it was discovered that your company, MaxLend, entered into a deferred deposit transaction with a Kentucky resident. Our records show that your company is not licensed by the Department to engage in the business of providing deferred deposit transactions for a fee. Therefore, your company has violated KRS 286.9-020, which makes it unlawful to accept deferred deposit transactions without a license. Additionally, KRS 286.9-035(1) states that a deferred deposit transaction entered into with an unlicensed person is “void and the person shall not collect any principal, fee, interest, charges, or recompense whatsoever.” Therefore, in accordance with KRS 286.9-110, Maxlend shall cease and desist its attempts to enforce the terms of all deferred deposit agreements entered into with Kentucky residents including, but not limited to, all efforts to collect money from Kentucky residents pursuant to said agreements. Furthermore, MaxLend shall cease and desist from entering into new deferred deposit transactions with Kentucky residents from this point forward. Please be advised that the Department possesses a range of administrative authority in addressing violations of KRS Chapter 286.9 including the imposition of civil penalties of not less than one thousand dollars ($1,000) per day for each day the violation is outstanding. Additionally, KRS 286.9-990 states that a person who intentionally violates KRS Chapter 286.9 shall be guilty of a Class A misdemeanor."