Defendant CLS Financial Services, Inc. Its principal place of business is at 4720-200th Street, SW, Suite 200, Lynnwood, Washington 98036. CLS transacts business in this district. He resides and transacts business in this district. Defendant CLS is a corporation engaged in business as a subprime lender.
Subprime lending refers to the extension of credit to higher risk borrowers.
If you obtain this loan, the lender will have a mortgage on your home. This is a mortgage subject to special rules under the federal Truth in Lending Act. In truth and in fact, in numerous instances the credit extended by defendants is not open-end credit. This Court's Power to Grant Relief 30.