Regulatory Alerts2026-06-18
Added · Updated
Final Order — Motor Vehicle Retail Installment
The Florida Office of Financial Regulation issued a Final Order against RPM Motor Sports LLC and its owner Wilson Pinto Costa for violations of Chapter 520, Florida Statutes. The Respondents admitted to failing to secure proper buyer-seller signatures on installment contracts, charging excessive delinquency fees, and neglecting record-keeping and ownership reporting requirements. As part of the settlement, the parties executed a Stipulation and Consent Agreement requiring immediate cessation of violations and the payment of a $6,750 administrative fine.