Regulatory Alerts2025-11-10
Consent Agreement and Order: Commonwealth of Pennsylvania Department of Banking and Securities v. Martin’s Auto Sales, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Martin’s Auto Sales, LLC for violating the Consumer Credit Code regarding motor vehicle installment sales. The enforcement action specifically addresses the company's use of unlicensed collector-repossessors, which is prohibited under Section 6252(b)(3) of the Code. The parties stipulated to these facts and agreed to the terms of the order in lieu of litigation to resolve the matter.
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