Westlake Portfolio Management, a loan servicer located in Los Angeles, has agreed to service the leases of American Car Center, a used car dealership based in Memphis, Tenn.

In light of ACC’s recent and abrupt closing, WPM has immediately begun taking over the servicing of ACC leases to continue to support customer needs, although not all leases have been transferred yet. WPM’s primary responsibility is to process lease payments and handle all lease-related customer service needs as soon as practicable.

“We are expediting the transfer of existing ACC leases to provide a smooth transition for ACC customers,” says Todd Laruffa, Vice President of Westlake Portfolio Management. “Our team is committed to ensuring that there is minimal interruption for any outstanding ACC lease.”

All issues related to company ownership will continue to be addressed by ACC. WPM is only providing servicing of the outstanding leases and is committed to providing all lease payment services that ACC previously provided. In doing so, WPM is helping to create a seamless transition experience for ACC customers.