In Re Gustavo Jose Berrocal

I. Factual and Procedural Background

A. CoastHills’ Loan to Berrocal1 On or about January 11, 2023, Berrocal completed, signed, and submitted to CoastHills an application requesting an unsecured personal loan in the amount of $45,000 (the “Application”). Because the subject of this appeal is limited to the issue of whether the personal loan for The Application provided that the purpose for the requested loan was “Repair (Auto/Home).” The Application also provided above Berrocal’s signature that “[b]y signing or otherwise authenticating below, you promise that everything you have stated in this application is correct to the best of your knowledge.” During an interview regarding his Application, Berrocal informed a representative of CoastHills that the loan was needed to remodel his kitchen, floors, and bathroom water system. On January 11, 2023, CoastHills approved Berrocal’s Application, and the parties entered into a Loan and Security Agreement and Disclosure Statement (the “Loan Agreement”). The Loan Agreement provided that CoastHills would loan Berrocal $45,000 for a period of five years, and that Berrocal would repay the loan in monthly installments at an interest…