Regulatory Alerts2026-03-03
Pennsylvania Department of Banking and Securities v. Gary Towing Service & Road Asisten, LLC
The Pennsylvania Department of Banking and Securities issued an Order to Show Cause against Gary Towing Service & Road Asisten, LLC for operating as an unlicensed collector-repossessor in violation of the Consumer Credit Code. The Department alleges that the company repossessed at least twelve motor vehicles between April 2021 and October 2025 without holding the required license, thereby committing twelve separate offenses. The agency seeks a $24,000 civil penalty and an order prohibiting the company from engaging in any further collector-repossessor activities until properly licensed.
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