Monday, May 20, 2013
Legal & Legislative

autodatadirectAuto Data Direct Inc. is urging buy-here, pay-here dealerships to get ready for Florida's new electronic lien title (ELT) processing requirement, which goes into effect Jan. 1.

ELT will be mandatory for buy-here, pay-here dealers, finance companies, or any business that finances vehicles, vessels or mobile homes.

 

cacMissouri's Attorney General has obtained an assurance of voluntary compliance with Credit Acceptance Corp. that includes a $125,000 voluntary payment to the state of Missouri. The agreement resolves allegations that the automotive finance company had collected payments and obtained judgments on automobile loans that were void.

 

law_gavelA Northampton, Mass., car dealership is being sued by the state's attorney general after its owner and manager allegedly failed to provide car titles to customers and did not pay off outstanding loans on trade-in vehicles.

 
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