Another California regulator has targeted troubled Paso Robles lender Estate Financial.

The Department of Real Estate says the lender allegedly misrepresented investments in some projects and the regulator accused Estate Financial of "dishonest dealing."

Estate Financial's permit to sell its real estate investments would be revoked if the accusations in the administrative complaint are valid.

The lender's president, Karen Guth, says she and her son, Vice President John Yaguda, "are planning to address those concerns."

In recent weeks, the Department of Corporations revoked Estate Financial's permit to collect money from investors for its real estate investments.

Estate Financial had built a $340 million real estate investment portfolio with more than 3,000 investors in the past 15 years.