Velocity Investments, LLC v. Nguyen

California Court of Appeal·Decided August 28, 2026·No. C102846·Published

Opinion

Filed 8/28/26 CERTIFIED FOR PUBLICATION

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA THIRD APPELLATE DISTRICT

(San Joaquin)

VELOCITY INVESTMENTS, LLC, C102846 Plaintiff, Cross-defendant and Respondent, (Super. Ct. No.

v. STKCVUCC20190015406)

THONG HUU NGUYEN, Defendant, Cross-complainant and Appellant.

APPEAL from a judgment of the Superior Court of San Joaquin County, Barbara A. Kronlund, Judge. Affirmed in part and reversed in part.

Consumer Law Center, Inc., Fred W. Schwinn, Raeon R. Roulston, and Matthew C. Salmonsen for Appellant for Defendant, Cross-complainant and Appellant.

Messer Strickler Burnette, Ltd. and June D. Coleman for Respondent for Plaintiff, Cross-defendant and Respondent.

California’s Fair Debt Buying Practices Act (Civ. Code, § 1788.50 et seq.; the Debt Buyers Act or the Act) requires a debt buyer: (1) to have access to documentation evidencing a consumer’s agreement to a debt before trying to collect the debt (the access requirement) and (2) to attach that documentation to the collection complaint (the attachment requirement). A debt buyer who violates the Act is liable to the consumer for actual and statutory damages.

Here, debt buyer Velocity Investments, LLC filed a collection complaint (the original complaint) against Thong Huu Nguyen. The original complaint attached a

standard borrower agreement bearing no clear link to Nguyen or to a specific debt. Nguyen cross-complained against Velocity Investments, LLC and Velocity Portfolio Group, Inc. (collectively Velocity),1 alleging it had violated both the access requirement and the attachment requirement when it filed the original complaint. After filing an amended complaint with two additional attachments, Velocity moved for summary judgment or summary adjudication of the cross-complaint on four grounds: (1) Velocity did not violate the access requirement; (2) Velocity did not violate the attachment requirement; (3) Velocity’s failure to include additional documentation to the original complaint was a bona fide error; and (4) Nguyen lacked standing to pursue his claims. The trial court granted summary judgment based on the first three grounds. Nguyen appeals.

We affirm in part and reverse in part. We conclude the trial court correctly adjudicated the access requirement. But we disagree with the trial court’s disposition of the attachment requirement. We hold: (1) the standard borrower agreement attached to the original complaint did not evidence Nguyen’s agreement to the debt; (2) the documents attached to the amended complaint do not eliminate the potential liability that arose for failing to attach the requisite documentation to the original complaint; (3) triable issues of fact exist as to whether Velocity is entitled to the bona fide error defense; and (4) Nguyen has standing to pursue his claims. We reverse the summary judgment entered in favor of Velocity but affirm the summary adjudication of the access requirement.

Statutory references are to the Civil Code unless otherwise indicated.

1 For ease of reference, we refer to Velocity Investments, LLC and Velocity Portfolio Group collectively as Velocity. We note that Velocity Portfolio Group’s responsibility for the acts or omissions of Velocity Investments, LLC remains unsettled.

FACTUAL AND PROCEDURAL BACKGROUND In November 2019, Velocity filed the original complaint against Nguyen to collect an alleged unpaid debt. According to the original complaint: (1) Nguyen obtained a credit account from WebBank, used that account to make purchases, and agreed to repay WebBank; (2) in July 2018, Nguyen stopped making payments, leaving a balance of $5,158.61; and (3) Velocity purchased the debt.

The original complaint claimed to include Exhibit A and Exhibit B. It referred to Exhibit A as “a copy of [a] Billing Statement and/or Loan file provided to [Nguyen] while the account was active, demonstrating that the debt was incurred by [Nguyen].” The attached Exhibit A is a borrower agreement between “the borrower” and WebBank governing the process by which the borrower may make a request for a loan from WebBank through LendingClub and authorizing LendingClub to service any loan obtained. The borrower agreement includes several pages of terms and a blank loan agreement and promissory note. The original complaint also referred to Exhibit B as “a copy of the Final Billing Statement and/or Transaction History.” No Exhibit B was attached to the original complaint.

Nguyen filed an answer and a class action cross-complaint against Velocity. The operative cross-complaint asserts three causes of action. The first alleges Velocity violated the attachment requirement and the access requirement. The second and third allege Velocity misrepresented its compliance with the Act, violating the Federal Fair Debt Collection Practices Act (15 U.S.C. § 1692 et seq.; the Federal Debt Collection Act or the Federal Act) and the Rosenthal Fair Debt Collection Practices Act (§ 1788 et seq.; the Rosenthal Act).

In April 2023, Velocity filed an amended complaint that describes Exhibit A as “a copy of Borrower’s Agreement and Promissory Note, demonstrating the debt was incurred by [Nguyen]” and Exhibit B as “a copy of the Transaction History.” Exhibit A includes the same borrower agreement that was attached to the original complaint as well

as an executed loan agreement and promissory note for $8,000 with a specified interest rate and monthly payments. Exhibit B is a six-page spreadsheet showing the status of an account with the same ending digits described in the original and amended complaint’s allegations.

Velocity then filed a motion for summary judgment on the cross-complaint, arguing Nguyen could not establish his causes of action. The trial court granted the motion and entered judgment in favor of Velocity as to the cross-complaint.

Nguyen timely appeals.

DISCUSSION

I. Standard of Review

“Summary judgment is designed to cut through the parties’ pleadings to determine whether, despite their allegations, trial is necessary to resolve the dispute.” (Carver v. Volkswagen Group of America, Inc. (2024) 107 Cal.App.5th 864, 876.) A trial court must grant a motion for summary judgment “if all the papers submitted show that there is no triable issue as to any material fact and that the moving party is entitled to a judgment as a matter of law.” (Code Civ. Proc., § 437c, subd. (c).) “[T]he party moving for summary judgment bears an initial burden of production to make a prima facie showing of the nonexistence of any triable issue of material fact.” (Aguilar v. Atlantic Richfield Co. (2001) 25 Cal.4th 826, 850.) A defendant satisfies its summary judgment burden by showing that the plaintiffs cannot prove an essential element of their claim. (Id. at pp. 853, 855.) If the defendants meet their burden of production, the plaintiffs must then produce evidence establishing a prima facie showing that a triable issue of material fact exists. (Id. at p. 850.)

“Summary adjudication works the same way as summary judgment, ‘except it acts on specific causes of action or affirmative defenses, rather than on the entire complaint.’ ” (Oroville Hospital v. Superior Court (2022) 74 Cal.App.5th 382, 398.) “ ‘A summary adjudication is properly granted only if a motion therefor completely

disposes of a cause of action, an affirmative defense, a claim for damages, or an issue of duty.’ ” (Id. at pp. 398-399; see Code Civ. Proc., § 437c, subd. (f)(1).) “[R]egardless of how pled in the complaint,” allegations may consist of two separate and distinct causes of action. (Lilienthal & Fowler v. Superior Court (1993) 12 Cal.App.4th 1848, 1854 (Lilienthal).) In that case, “a party may present a motion for summary adjudication challenging a separate and distinct wrongful act even though combined with other wrongful acts alleged in the same cause of action.” (Id. at pp. 1854-1855.)

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