The Week's Features
Three body manufacturers will give live demos in Las Vegas
Recovering over 50,000-lbs. from a 70-percent grade driveway
Markets Class 8 chassis in U.S. for first time
Tow company says contract was arbitrarily cancelled
SDR Towing has interesting design of decals on trucks
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American Towman Magazine Presents the Week in TowingApril 25 - May 01, 2018
Massachusetts Attorney General Maura Healey ruled that subprime auto lender Source One Financial Corp. will pay $765,000 after allegations of routinely facilitating the sales of defective and inoperable cars. Image – YouTube.com.

State Comes Down on Lender

Massachusetts Attorney General Maura Healey announced March 27 that Source One Financial Corp., a finance company providing subprime automobile loans, will pay $765,000 after allegations of routinely facilitating the sales of defective and inoperable cars.

According to Healey's office, Source One violated the Massachusetts Consumer Protection Act when it facilitated the sale of these bad cars by two auto dealers, Auto Drive One and Buy-A-Ride.

"This company left hundreds of drivers with significant debt for cars they could not use," Healey said in a statement. "We will go after schemes by auto dealers and finance companies that mislead consumers and will work to get people their money back."

Under terms of the settlement, Source One will pay $200,000 in consumer restitution, waive more than $565,000 on loans that ended in vehicle repossession, and will help consumers repair their credit.

Source: legalnewsline.com.

Police: Man Stole SUV from Repo

A Mohnton, Pennsylvania, man stole his vehicle off the hook of a tow truck as it was being repossessed April 8, police said.

According to police, a registered repossessor hired by a recovery company was in the process of lawfully repossessing the small SUV from Andre L. Allen, 34.

The SUV's rear wheels were on the lift and the repossessor and his assistant were trying to secure it with straps.

Allen dashed from his apartment to the lot and entered the driver's side of the SUV.

He started the engine and operated the vehicle in a violent manner in an attempt to remove it from the tow truck.

With the two workers nearby, the elevated tires of the SUV were spinning at a high rate, sliding back and forth while Allen rocked the vehicle.

Allen was eventually able to free one of the rear wheels from the truck while continuing to spin the wheels and rock the SUV.

The other rear tire slid off the lifting rack, allowing Allen to drive away.
The workers feared they might be hit by the SUV when it broke loose.

Police said Allen did not return to his residence and they obtained an arrest warrant for him. He is charged with robbery of a motor vehicle, theft by unlawful taking of moveable property, reckless endangerment and related offenses.

Source: readingeagle.com.

ALS Resolvion Integrates [b]with Clearplan

ALS Resolvion announced that it recently became the first repossession management firm to successfully integrate its in-house proprietary technology, WOMBAT, with the leading repossession agent workflow management platform, Clearplan.

"The integration with Clearplan will significantly enhance compliance by reducing the possibilities of repossessions in error and will greatly streamline communications with our agent partners," said Jose Mendiola, president of ALS.

A feature was developed in conjunction with the integration to allow recovery agents to give "on hook" notification directly into ALSR's platform. The "on hook" notification gives ALSR the ability to alert lenders of collateral recovery as the car is recovered.

Source: autoremarketing.com.

Court Grants Appeal [b]of Convicted Man

Virginia's Supreme Court ruled a man convicted of killing another man who was trying to repossess his truck was wrongfully convicted twice for the same crime.

The court upheld an appeals court finding that Carroll Edward Gregg was subject to double jeopardy in the 2014 killing of Junior Montero Sanchez.

Gregg, who said the killing was an accident, was convicted of both common law involuntary manslaughter and involuntary manslaughter under Virginia's criminal code.

The appeals courts concluded that Gregg was twice convicted and sentenced in the same trial of the same offense, involuntary manslaughter.

The case has been remanded to the trial court to allow prosecutors to choose between the sentences for common law involuntary manslaughter and statutory involuntary manslaughter. The other sentence will be vacated.

Source: 13newsnow.com.

State Settles for [b]Debt Cancellation

Maura 8734cWest Virginia Attorney General Patrick Morrisey recently sent letters to more than 300 consumers explaining how they will benefit from approximately $1.49 million in debt cancellation secured as part of a settlement with First Sentinel Bank of Richlands, Va.

The settlement resolves allegations that First Sentinel Bank violated state and federal laws, which prohibit banks, debt collectors and other entities from engaging in unfair, deceptive or abusive practices.

The Attorney General alleged First Sentinel Bank representatives frequently visited consumers at their homes or places of employment to collect debts, a practice generally viewed as unlawful. He also alleged the bank had repossessed vehicles without its vendors having a state business license to do so.

First Sentinel Bank admitted no wrongdoing as part of the settlement.

The settlement requires First Sentinel Bank close accounts with a $0 balance for all West Virginia consumers whose vehicles were unlawfully repossessed. It is estimated such action will amount to $1.49 million for 323 consumers.

It further requires First Sentinel Bank pay the state $27,400, as well as $2,500 to a Mercer County resident who brought the initial complaint.

Source: wcbcradio.com.

Man Pulls Gun in [b]Repo Attempt

A pair of repo men, trying to repossess a car in Rock Hill, South Carolina, reported that a man pulled a gun after the confrontation became "physical," according to police.

The incident happened around 8:30 p.m. on April 4. Two men from a Rock Hill car dealer went to the home to repossess the car, a police report shows.

The repo agents backed into the driveway to retrieve the car when the suspect came out of the home and became confrontational and physical, grabbing the steering wheel of the tow truck, the repo men told police.

The suspect then said he was "going inside to get his gun," the repo men told officers. The suspect did come out carrying a gun next to his leg, the victims told officers.

The agents called police. The suspect fled, but was not caught, officers said.

Source: heraldonline.com.
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