A huge selection of state residents, including dozens through the Lehigh Valley, should stop making re payments on unlawful automobile name loans and take away GPS trackers so their cars can not be repossessed.
Their state Department of Banking and Securities suggested consumers week that is last loans produced in the names of Sovereign Lending possibilities, auto loan LLC and Autoloans LLC aren’t legitimately collectable in Pennsylvania and repossessions are forbidden.
Those companies are among a few taking part in a financing procedure the division happens to be attempting to turn off since this past year.
For the 535 state residents whoever cars are liened by those businesses, 42 come in Lehigh and Northampton counties, division spokesman Ed Novak stated. (more…)