Motor Vehicle Commission - Sales Finance public meetings in 2021
5 substantive meetings from 2021, with official agendas or minutes and plain-English summaries.
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will discuss 2021 legislation and ratify a large batch of sales finance licenses and one GAP administrator license. The meeting includes reports, executive session, and approval of previous minutes.
- Ratification of 50+ sales finance licenses for companies including Sun Auto Sales, Bayou Lafourche Credit, and Hyundai Capital America
- Ratification of GAP administrator license for TAG Warranty Corp. (Bedford, Texas)
- Discussion of 2021 legislation affecting motor vehicle sales finance
- Executive session for personnel matters and legal advice
The Commission ratified a consent judgment against Fares Motor Company, Inc. for licensing violations. The board also approved the July 12, 2021 meeting minutes and financial statements for July through October.
- Approved Consent Judgment for Fares Motor Company, Inc. requiring a $5,000 fine and $400 pre-hearing cost (unanimous)
- Suspended $5,000 fine for Fares Motor Company, Inc. conditioned on obtaining 2020 and 2021 licenses and one year of probation
- Approved July 12, 2021 meeting minutes (unanimous)
- Approved financial statements for July, August, September, and October (unanimous)
Motor Vehicle Commission - Sales Finance
The division will discuss 2021 legislation (HB147, SB 67) and Robert J. Hale Inc. DBA RHI Auto Brokers. The meeting also includes the ratification of several sales finance and GAP administrator licenses.
- Discussion regarding HB147 and SB 67 legislation
- Discussion regarding Robert J. Hale Inc. DBA RHI Auto Brokers
- Ratification of various sales finance company licenses
- Ratification of GAP administrator licenses
- Ratification of GAP administrator agent licenses
The Commission unanimously approved the issuance of 26 initial motor vehicle sales finance licenses. The board also accepted the May 17, 2021 meeting minutes and the May and June financial statements. Robert Hale of RHI Auto Brokers stated his intent to apply for a Motor Vehicle Broker license following a discussion on trade name laws.
- Ratified 26 initial motor vehicle sales finance licenses (unanimous)
- Approved May 17, 2021 meeting minutes (unanimous)
- Approved May and June financial statements (unanimous)
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division is meeting to conduct a hearing for LaRocca's Auto Sales, Inc. and discuss 2021 legislation HB147 and SB 67. The body will also ratify several newly issued sales finance and GAP administrator licenses.
- Hearing #2020-012: LaRocca's Auto Sales, Inc.
- Discussion of 2021 Legislation HB147 and SB 67
- Ratification of various sales finance company licenses
- Ratification of GAP Administrator License for Norman & Company, Inc. (DBA Classic Auto Security System)
- Ratification of GAP Administrator Agents licenses #GAA-2021-00139 through #GAA-2021-00152
The Commission issued fines to LaRocca’s Auto Sales, Inc. and E. B. Wilkes Group L.L.C. for operating without required licenses. The board also ratified 38 new motor vehicle sales finance licenses and one GAP Administrator license.
- Fined LaRocca’s Auto Sales, Inc. $500 plus $4,746.52 in court costs for unlicensed consumer loan advertising
- Approved Consent Judgment for E. B. Wilkes Group L.L.C. (DBA Wilkes Motors) including a $2,500 fine (suspended on one-year probation)
- Ratified 38 initial motor vehicle sales finance licenses
- Ratified initial GAP Administrator license for Norman & Company, Inc.
- Approved March 8, 2021 meeting minutes
- Approved March and April financial statements
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will hold a hearing on case #2020-012 involving LaRocca's Auto Sales, Inc. The board will also ratify a list of sales finance licenses and GAP administrator licenses. Routine items include approval of minutes and executive session for personnel/legal matters.
- Hearing #2020-012 for LaRocca's Auto Sales, Inc.
- Ratification of 20+ sales finance licenses (e.g., Dixie Motors, Santander Consumer USA, Pipes Auto Sales)
- Ratification of GAP administrator licenses (Advanced Protection Products, AutoXcel Corporation)
- Executive session for personnel matters and legal advice
- Reading and approval of minutes from January 25, 2021
The Commission approved the issuance of 12 initial motor vehicle sales finance licenses. The body also unanimously accepted the minutes from the January 25, 2021 meeting and the financial statements for January and February.
- Approved minutes of the January 25, 2021 meeting (unanimous)
- Approved January and February financial statements (unanimous)
- Issued license #SF-2020-01372 to Dixie Motors, L.L.C. (DBA Great American RV Superstores)
- Issued license #SF-2020-01373 to Dixie RV Superstores of Acadiana, L.L.C. (DBA Great American RV Superstores)
- Issued license #SF-2020-01374 to Liberty Auto Sales LLC (DBA Liberty Auto Sales)
- Issued license #SF-2020-01375 to Southeast Auto, Inc.
- Issued license #SF-2020-01376 to Extreme Cars & Truck, LLC
- Issued license #SF-2020-01377 to Regal Credit Corporation
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will hold a hearing on case #2020-012 involving LaRocca's Auto Sales, Inc. The board will also ratify a large batch of sales finance licenses for companies across multiple states, and may enter executive session for personnel and legal matters.
- Hearing: #2020-012, LaRocca's Auto Sales, Inc.
- Ratification of Sales Finance Licenses: #SF-2020-01357 through #SF-2021-00133 (30+ licenses)
- Ratification of GAP Administrator Licenses: #GA-2021-00100, #GA-2021-00113
- Ratification of GAP Administrator Agent Licenses: #GAA-2021-00001 through #GAA-2021-00020
- Executive session for personnel matters and legal advice
The Commission ratified a consent judgment against Supreme Autos, L.L.C. for licensing and loan authority violations. The board also approved several new motor vehicle sales finance licenses and ratified existing license batches.
- Approved consent judgment for Supreme Autos, L.L.C. requiring a $2,500 fine (suspended if credit application is removed from website by Jan 31, 2021) and $400 pre-hearing cost (unanimous)
- Continued hearing #2020-012 (LaRocca’s Auto Sales, Inc.) to the next available date
- Approved initial motor vehicle sales finance licenses for 20 applicants including ThunderRoad Financial, LLC and Louisiana Power Sports, LLC (unanimous)
- Ratified motor vehicle sales finance licenses #SF-2020-01356 through #SF-2020-01371 and #SF-2021-00100 through #SF-2021-00133 (unanimous)
- Ratified GAP Administrator licenses #GA-2021-00100 and #GA-2021-00113 (unanimous)
- Ratified GAP Administrator Agent licenses #GAA-2021-00001 through #GAA-2021-00020 (unanimous)
- Approved minutes of the October 26, 2020 meeting (unanimous)
- Approved October, November, and December financial statements (unanimous)