Regulatory Alerts2018-11-23
Added · Updated
Bulletin 2857 - November 23, 2018
The Connecticut Department of Banking issued a Notice of Intent to Issue an Order to Cease and Desist and to Impose a Civil Penalty against Top Notch Motors, LLC. The Commissioner alleges violations of the Consumer Credit Division Act, specifically failing to retake possession of a motor vehicle by legal process, failing to provide written notice of repossession to the retail buyer, and making untrue or misleading statements. The Respondent was afforded an opportunity to request a hearing regarding these allegations, with written comments due within ten business days of the bulletin's date.
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