Regulatory Alerts2026-07-20
Added · Updated
Final Order Approving Consent Agreement for K&R Auto Sales LLC Regarding Motor Vehicle Retail Installment Seller Violations
The Office of Financial Regulation approves a Stipulation and Consent Agreement resolving violations by K&R Auto Sales LLC and its owners, Rachel and Kumalram Ganeshram. The Respondents must pay an administrative fine of $1,700 and cease and desist from violating Chapter 520, Florida Statutes, specifically regarding unauthorized fees and failure to timely report changes in ownership or registered agents. This order concludes the administrative proceeding and waives the Respondents' rights to a hearing or further contestation of the findings.
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