Majestic Lake Financial Closed
Habematolel Pomo of Upper Lake · 2015–2022
Majestic Lake was the smallest of the Habematolel Pomo of Upper Lake’s four brands, and its borrowers got the same complete cancellation as Golden Valley and Silver Cloud — no date limit, no claim form, nothing owed. Its site is still up, and it now exists for one purpose: a pop-up that pushes anyone who lands there to Uprova, tagged "mlf" so the operator knows the traffic came from a lender that stopped lending years ago.
Do I still owe Majestic Lake Financial?
- Collection status
- Stopped March 1, 2022
- Debt relief
- Yes — included in the Hengle v. Asner cancellation (over $450M across the four Upper Lake brands), automatic, no claim form.
- Cash fund
- $39M shared fund, already distributed.
- Closed
- 2022
Stopped originating after the Hengle v. Asner settlement; the site still loads and pushes applicants to the tribe’s successor brand, Uprova.
Majestic Lake Financial at a glance
Closed- Owning tribe
- Habematolel Pomo of Upper Lake
- Lending since
- 2015
- Loan amounts
- $300–$1,200
- APR range
- 440–950%
- Product
- installment
- Website
- majesticlakefinancial.com
What a Majestic Lake Financial loan cost
Majestic Lake priced like its siblings — the CFPB put the four brands at 440% to 950% APR on loans of $300 to $1,200 — and its borrowers’ balances were cancelled in full under the Hengle settlement. The cost question is settled: whatever it charged, you do not owe it.
The live question is what the brand is being used for now. A dead lender with residual search traffic is an asset, and this one is being monetised: the site’s pop-up carries a tracking tag, utm_source=mlf, sending visitors to Uprova’s application page.
Uprova advertises a floor of about 35.9% APR and a ceiling around 725%. Someone arriving via a brand whose entire loan book had to be cancelled is unlikely to be offered the floor.
What a retired brand is worth
Majestic Lake stopped originating after the 2022 settlement. Its domain did not go dark, and that is deliberate.
Every month, people search for it. Most are ex-borrowers checking whether they still owe money; some are looking for a loan and do not know the brand is finished. Both groups land on a working site, and both meet a modal directing them to uprova.com with a source tag attached.
This is the industry’s core economic fact, visible in a query string: brands are disposable, traffic is not.
A settlement can cancel $450 million of debt and retire four names, and the operation continues — because the thing that was actually valuable, the stream of people looking for money at 3am, transfers to the next brand intact.
It also explains why our closed-lender pages exist. If the only page answering "is Majestic Lake still lending?" is Majestic Lake’s own funnel, the answer you get will be an application form.
The relief, in brief
Hengle v. Asner (E.D. Va. 3:19-cv-00250), final approval 25 October 2022: over $450 million cancelled across the four brands for roughly 555,000 borrowers, plus a $39 million cash fund from the non-tribal financiers. Automatic, no claim form, with negative credit tradelines to be removed.
Majestic Lake loans are cancelled with no date limit. Only Mountain Summit carries a cut-off, at 1 February 2021.
The CFPB, contrary to what is widely written, delivered none of this. It dismissed its own case in January 2018 and never refiled. The private class action did the work.
Frequently asked questions
Do I still owe my Majestic Lake Financial loan?
No. The Hengle v. Asner settlement cancelled Majestic Lake loans regardless of when they were taken, automatically and with no claim form. Only sister brand Mountain Summit has a date cut-off (1 February 2021).
Majestic Lake’s website works — is it still lending?
No. The site loads but no longer originates; it shows a pop-up redirecting applicants to Uprova, the tribe’s current brand, which lends at APRs up to roughly 725%. The link carries a tracking tag identifying Majestic Lake as the source.
How much was the settlement worth?
Roughly $489 million in total across the four Upper Lake brands: over $450 million in cancelled debt for about 555,000 borrowers, plus a $39 million cash fund paid by the non-tribal financiers rather than the tribe.
This brand is one of many that stopped lending — and in several cases the balances were legally wiped out in a settlement. See the full picture: which tribal lenders shut down, and were the debts cancelled?