Mountain Summit Financial Closed
Habematolel Pomo of Upper Lake · 2014–2022
Of the four Upper Lake brands, this is the one that can still cost you money. Golden Valley, Silver Cloud and Majestic Lake loans were cancelled outright. Mountain Summit’s cancellation stops at 1 February 2021 — borrow after that date and the Hengle settlement did not touch your balance. The settlement site is now a blank page, so there is nowhere left to check. That single date is why this page exists.
Do I still owe Mountain Summit Financial?
- Collection status
- Stopped March 1, 2022
- Debt relief
- Only if your loan predates 1 February 2021. Unlike its three sister brands, Mountain Summit’s cancellation under Hengle v. Asner is capped at that date — a loan taken from February 2021 onward was NOT cancelled and may still be owed.
- Cash fund
- $39M shared fund, already distributed.
- Closed
- 2022
Stopped originating after the Hengle v. Asner settlement — but unlike its sister brands, its debt cancellation only reaches loans taken before 1 February 2021.
Mountain Summit Financial at a glance
Closed- Owning tribe
- Habematolel Pomo of Upper Lake
- Lending since
- 2014
- Loan amounts
- $300–$1,200
- APR range
- 440–950%
- Product
- installment
- Website
- mountainsummitfinancial.com
What a Mountain Summit Financial loan cost
Mountain Summit lent alongside Golden Valley, Silver Cloud and Majestic Lake, at the same rates: the CFPB put the four brands at 440% to 950% APR on loans of $300 to $1,200.
At those rates a $500 loan run to term costs multiples of the principal, and the finance charge overtakes the amount borrowed within months. That is the ordinary arithmetic of this sector and it is not what makes Mountain Summit different.
What makes it different is the date. A borrower who took an identical loan from Silver Cloud in March 2021 owes nothing today. A borrower who took it from Mountain Summit in March 2021 may owe the full balance plus everything that has accrued since.
Same tribe, same operator, same rate, same month — different outcome, decided by a line in a settlement agreement.
The cut-off, and what to do if you are on the wrong side of it
The Hengle v. Asner settlement (E.D. Va. 3:19-cv-00250) received final approval on 25 October 2022, cancelling over $450 million of debt across the four Habematolel Pomo of Upper Lake brands for roughly 555,000 borrowers, plus a $39 million cash fund. Relief was automatic.
Cancellation reaches Golden Valley, Silver Cloud and Majestic Lake loans taken at any time. For Mountain Summit, it reaches only loans taken before 1 February 2021.
If your loan falls after that date, the settlement is not your route. Your state is. In nine states, loans above the rate cap are void outright — nothing is owed regardless of what any contract or settlement says. That question is decided by where you lived when you borrowed, not by the class action.
Beyond that: demand written validation from anyone collecting, request the full payment history and the original agreement, and revoke ACH authorisation in writing to both the collector and your bank. Do not make a payment to buy time — a payment can restart the limitation clock on a debt that may already be unenforceable.
Why you cannot look this up yourself
upperlakesettlement.com, the official administrator’s site, is now a blank placeholder. The class period is closed and the distribution is complete, so the site was decommissioned.
That is normal housekeeping, and it has an awkward consequence: the borrowers most likely to search for this brand today are the ones still being chased, and the one authoritative source that could tell them whether their loan was inside the window no longer exists.
It is also why we publish the date rather than a link. A link to a dead page is not an answer.
Frequently asked questions
Was my Mountain Summit loan cancelled?
Only if you took it before 1 February 2021. The Hengle v. Asner settlement cancelled Golden Valley, Silver Cloud and Majestic Lake loans from any period, but capped Mountain Summit’s cancellation at that date. A loan from February 2021 onward was not cancelled.
Where can I check whether my loan was in the class?
Nowhere, unfortunately — upperlakesettlement.com is now a blank placeholder. Relief was automatic rather than claim-based, so there was never a form to file. Your loan agreement date is the fact that decides it.
I took a Mountain Summit loan after February 2021 — do I owe it?
The settlement did not cancel it, so the question falls back to your state. In the nine states where triple-digit loans are void, nothing is legally owed regardless. Elsewhere, demand written validation and proof of ownership from whoever is collecting before you pay anything.
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?