Consent Agreement and Order: Commonwealth of Pennsylvania Department of Banking and Securities v. Martin’s Auto Sales, LLC

COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES, COMPLIANCE OFFICE v. Docket No. 25 0038 (BNK-CAO) MARTIN'S AUTO SALES, LLC. CONSENT AGREEMENT AND ORDER The Commonwealth of Pennsylvania, acting through the Department of Banking and Securities ("Department"), Compliance Office ("Office"), has reviewed the business practices of Martin's Auto Sales, LLC, Inc. ("MAS") and its officers, employees, and directors. Based on the results of its review, the Office concludes that MAS operated in violation of the Consumer Credit Code ("CCC") as it relates to motor vehicle installment sales, 12 Pa.C.S. § 6201 _ et seq. The parties to the above-captioned matter, in lieu of litigation, hereby stipulate that the following statements are true and correct in the settlemen, of the above-captioned matter and, intending to be legally bound, hereby agree to the terms of this Consent Agreement and Order ("Order"). BACKGROUND

1. The Department is the Commonwealth of Pennsylvania's administrative agency authorized and empowered to administer and enforce the �CC.
2. MAS 's principal place of business is located at 299 Wirt Avenue, Hanover, PA 1 J331.
3. MAS is licensed by the Department as an Installment Seller, ' license number 44163. Use of Unlicensed Collector-Repossessors
4. Section 6252 (b )(3) of the CCC states in pertinent part. .. "Repossession of a motor vehicle when effected otherwise than by legal process under subsection (a) shall be made only by the following: .. (3) A collector-repossessor licensed under this chapter." 12 Pa. C.S. § 6252(b)(3). FILED 2025 NOV 10 PM 2:04 PA DEPARTMENT OF BANKING AND SECURITIES

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