Motor Vehicle Commission - Sales Finance public meetings in 2022
5 substantive meetings from 2022, with official agendas or minutes and plain-English summaries.
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will meet to ratify a large batch of sales finance licenses for companies across multiple states, as well as one GAP administrator license. The agenda also includes an executive session for personnel matters and legal advice, and approval of previous meeting minutes.
- Ratification of 48 sales finance licenses (lic. #SF-2021-01351 through #SF-2022-01365) for companies in Louisiana, Texas, Mississippi, California, Colorado, and other states
- Ratification of one GAP administrator license (lic. #GA-2022-00161) for United Auto Credit Corporation dba Vroom Financial Services of Newport Beach, California
- Executive session scheduled for personnel matters and legal advice
The Commission approved the issuance of 47 initial motor vehicle sales finance licenses after the Executive Director reported that applications and documentation were in order. The board also approved the July 11, 2022 meeting minutes and financial statements for July through October.
- Approved July 11, 2022 meeting minutes (unanimous)
- Approved July, August, September, and October financial statements (unanimous)
- Issued 47 initial motor vehicle sales finance licenses
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division is meeting to review reports from the Executive Director and Counselors. The primary purpose of the meeting is the ratification of numerous issued sales finance company licenses and GAP administrator licenses.
- Ratification of sales finance licenses including Esquire Motors, Inc. and Lendmark Financial Services, LLC
- Ratification of Goldman Equipment, L.L.C. licenses across multiple Louisiana locations
- Ratification of GAP Administrator license #GA-2022-00160
- Ratification of GAP Administrator Agents licenses #GAA-2022-00159 through #GAA-2022-00164
The Commission unanimously approved the issuance of numerous initial motor vehicle sales finance licenses. It also ratified a series of sales finance, GAP Administrator, and GAP Administrator Agent licenses.
- Approved May 16, 2022 meeting minutes (unanimous)
- Approved May and June financial statements (unanimous)
- Ratified initial motor vehicle sales finance licenses for 47 applicants (unanimous)
- Ratified Sales Finance licenses #SF-2021-01349 through #SF-2021-01350 and #SF-2022-01275 through #SF-2022-01317 (unanimous)
- Ratified GAP Administrator license #GA-2022-00160 (unanimous)
- Ratified GAP Administrator Agent licenses #GAA-2022-00159 through #GAA-2022-00164 (unanimous)
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will hold a meeting to ratify numerous sales finance company licenses and a GAP administrator license. The agenda includes a call to order, attendance, reports, executive session for personnel/legal matters, and approval of previous minutes.
- Ratification of sales finance licenses for 22 companies, including Car Cabana LLC, CIS Financial Services, and CarMax Business Services
- Ratification of GAP Administrator License for Capital Administrative Professionals, LLC (License #GA-2022-00159)
- Executive session for personnel matters and legal advice
- Reading and approval of minutes from March 14, 2022
The Commission dismissed a complaint filed by Mary Battley against Westlake Services, LLC, finding the claimant failed to prove a violation of law or regulation. The board also approved the minutes from the March 14, 2022 meeting and reviewed several new sales finance licenses.
- Dismissed complaint Mary Battley vs Westlake Services, LLC
- Approved March 14, 2022 meeting minutes (unanimous)
- Approved March and April financial statements (unanimous)
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will meet to ratify a large number of sales finance company licenses and GAP administrator licenses. The agenda also includes an executive session for personnel and legal advice, and reading of previous minutes. This is a routine procedural meeting with no substantive policy decisions.
- Ratification of 40+ sales finance licenses for companies including Rivian, EchoPark, and Stellantis Financial Services
- Ratification of 7 GAP administrator licenses for companies like NWAN and Tokio Marine
- Executive session for personnel matters and legal advice
- Reading and approval of minutes from January 10, 2022
- Reports from Executive Director and Counselors
The Motor Vehicle Sales Finance Division approved the issuance of 43 initial motor vehicle sales finance licenses. The Commission also accepted the meeting minutes from January 10, 2022, and financial statements for January and February.
- Approved January 10, 2022 meeting minutes (unanimous)
- Approved January and February financial statements (unanimous)
- Ratified 43 initial motor vehicle sales finance licenses (unanimous)
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division is meeting to review reports from the Executive Director and Counselors. The primary purpose of the meeting is the ratification of recently issued sales finance and GAP administrator licenses.
- Ratification of sales finance licenses for companies including Advantage Motors, LLC and Lucas Auto Group LLC
- Ratification of multiple GM Financial (AmeriCredit Financial Services, Inc.) licenses across various locations
- Ratification of GAP Administrator licenses for Magellan Service Corporation and Westlake Services, LLC
- Review of minutes from the November 8, 2021 meeting
The Commission unanimously ratified two consent judgments involving licensing violations and approved a list of initial motor vehicle sales finance and GAP Administrator licenses. The board also accepted the minutes from the November 8, 2021 meeting and previous financial statements.
- Approved Consent Judgment for M&M Financial Services Inc.: $1,000 fine and $400 cost (unanimous)
- Approved Consent Judgment for Gretna Auto Depot Inc.: $1,000 fine and $400 cost (unanimous)
- Ratified initial motor vehicle sales finance licenses for 41 applicants (unanimous)
- Ratified initial GAP Administrator licenses for Magellan Service Corporation and Westlake Services, LLC
- Approved November 8, 2021 meeting minutes (unanimous)
- Approved November and December financial statements (unanimous)