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 automobiles can’t be repossessed.
Their state Department of Banking and Securities recommended consumers week that is last loans manufactured in the names of Sovereign Lending Solutions, auto loan LLC and Autoloans LLC aren’t legally collectable in Pennsylvania and repossessions are prohibited.
Those companies are among a few taking part in a lending procedure the division happens to be wanting to power down since a year ago.
For the 535 state residents whose cars are liened by those organizations, 42 come in Lehigh and Northampton counties, division spokesman Ed Novak stated. (далее…)