Motor Vehicle Commission - Sales Finance public meetings in 2024
6 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will meet to review reports and personnel matters. The body will vote to ratify several newly issued sales finance and GAP administrator licenses.
- Ratification of Sales Finance Licenses #SF-2024-01289 through #SF-2024-01300
- Ratification of GAP Administrator License #GA-2024-00164 for Dealer General Warranty, Inc
- Ratification of GAP Administrator Agent license #GAA-2024-00167
The Commission unanimously approved the minutes from the September 23, 2024 meeting. The board ratified several initial motor vehicle sales finance licenses and GAP Administrator licenses.
- Approved September 23, 2024 meeting minutes (Unanimous)
- Ratified initial motor vehicle sales finance licenses #SF-2024-01289 through #SF-2024-01300 (Unanimous)
- Ratified initial GAP Administrator license #GA-2024-00164 (Unanimous)
- Ratified Sales Finance licenses #SF-2024-01289 through #SF-2024-01300 and #SF-2025-00100 through #SF-2025-00580 (Unanimous)
- Ratified GAP Administrator license #GA-2024-00164 and GAP Administrator Agent license #GAA-2024-00167 (Unanimous)
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will meet to ratify sales finance licenses for nine auto dealerships and one GAP administrator agent. The agenda includes a call to order, roll call, reports, an executive session for personnel and legal matters, and approval of previous minutes. No substantive policy decisions or public hearings are scheduled.
- Ratification of sales finance licenses for Star Autoplex LLC (Baton Rouge, #SF-2023-01351), American Car Sales LLC (Kenner, #SF-2024-01278), Southeast Auto Inc. (Prairieville, #SF-2024-01280), Namazi Motors LLC (Westwego, #SF-2024-01281), McCray's Auto Sales, L.L.C. (Baton Rouge, #SF-2024-01282), Bargain Deals Inc. (Kenner, #SF-2024-01285), Falasteen Motors LLC (LaPlace, #SF-2024-01286), Brooks Gatson Investment Group LLC (Bernice, #SF-2024-01287), and Solera Auto Finance, LLC (Irving, Texas, #SF-2024-01288)
- Ratification of GAP administrator agent license #GAA-2024-00166
- Executive session for personnel matters and legal advice
The Commission unanimously ratified five consent judgments involving fines and probation for various auto businesses. The board also approved the July 22, 2024 meeting minutes and financial statements for July and August.
- Approved consent judgment for National Auto Care Corporation: $7,500 fine and $400 administrative cost (Unanimous)
- Approved consent judgment for AL-Kaswa L.L.C. DBA Crown Auto: $2,000 fine and $400 pre-hearing cost (Unanimous)
- Approved consent judgment for 1st Stop Auto, LLC: $2,500 fine ($1,250 suspended for 1-year probation) and $400 pre-hearing cost (Unanimous)
- Approved consent judgment for Auto Imports, Inc.: $2,500 fine ($1,250 suspended for 1-year probation) and $400 administrative cost (Unanimous)
- Approved consent judgment for Star Autoplex, LLC: $2,500 fine and $400 administrative cost (Unanimous)
- Approved July 22, 2024 meeting minutes (Unanimous)
- Approved July and August financial statements (Unanimous)
Motor Vehicle Commission - Sales Finance
The commission will discuss 2024 Legislation (ACT No. 287) and review personnel and legal matters in executive session. The body is scheduled to ratify a list of issued sales finance, GAP administrator, and GAP administrator agent licenses.
- Discussion of 2024 Legislation (ACT No. 287)
- Ratification of sales finance licenses for companies including NOLA Motorcars LLC and Santander Consumer USA Inc.
- Ratification of GAP Administrators licenses #GA-2024-00162 through #GA-2024-00163
- Ratification of GAP Administrator Agents licenses #GAA-2024-00161 through #GAA-2024-00165
The Commission ratified a consent judgment against Trending Group, Inc. DBA TFT Co. for licensing violations. The board also approved several new motor vehicle sales finance licenses and ratified existing licenses for sales finance and GAP administrators.
- Approved Consent Judgment for Trending Group, Inc. DBA TFT Co. requiring a $24,100 fine and $400 pre-hearing cost (unanimous)
- Suspended $10,000 of Trending Group, Inc. fine conditioned on one year of probation (unanimous)
- Ratified initial motor vehicle sales finance licenses for 31 applicants, including NOLA Motorcars LLC and Santander Consumer USA Inc. (unanimous)
- Ratified sales finance licenses #SF-2022-01418 through #SF-2022-01419, #SF-2023-01349 through #SF-2023-01350, and #SF-2024-01228 through #SF-2024-01271 (unanimous)
- Ratified GAP Administrator licenses #GA-2024-00162 through #GA-2024-00163 and GAP Administrator Agent licenses #GAA-2024-00161 through #GAA-2024-00165 (unanimous)
- Approved minutes of the May 20, 2024 meeting (unanimous)
- Approved May and June financial statements for the Motor Vehicle Sales Finance Division (unanimous)
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will discuss proposed GAP rules and 2024 legislation (SB 63). The meeting also includes the ratification of several newly issued sales finance and GAP administrator licenses.
- Discussion of proposed GAP rules
- Discussion of 2024 Legislation (SB 63)
- Ratification of Sales Finance Company licenses including Budget Automotive LLC and Santander Consumer USA Inc.
- Ratification of GAP Administrator licenses including National Auto Care Corporation and American Financial Warranty Corporation
The Commission voted to begin the rule-making process to align GAP coverage regulations with state law. It also ratified a consent judgment fining NWA Finance, LLC for licensing violations. Additionally, the Commission reviewed several new motor vehicle sales finance license applications.
- Approved motion to move forward with the GAP coverage rule making process (unanimous)
- Ratified Consent Judgment for NWA Finance, LLC requiring a $1,000 fine (unanimous)
- Approved minutes of the March 11, 2024 meeting (unanimous)
- Approved March and April financial statements (unanimous)
Motor Vehicle Commission - Sales Finance
The division will conduct a hearing for Car City Autoplex LLC and discuss 2024 legislation SB 63. The meeting also includes the ratification of several sales finance licenses and GAP administrator licenses.
- Hearing: #2023-176, Car City Autoplex LLC
- Discussion regarding 2024 Legislation (SB 63)
- Ratification of Sales Finance Licenses including Just Add Gas, Inc. and Model 1 Commercial Vehicles, Inc.
- Ratification of GAP Administrator licenses #GA-2024-00112 through #GA-2024-00137
- Ratification of GAP Administrator Agent licenses #GAA-2024-00013 through #GAA-2024-00108
The Commission fined Car City Autoplex LLC for engaging in consumer credit sales without a license. The board also ratified 20 initial motor vehicle sales finance licenses and approved previous meeting minutes and financial statements.
- Assessed $20,000 fine to Car City Autoplex LLC for operating without a sales finance license
- Assessed $4,120.85 in costs to Car City Autoplex LLC
- Ratified 20 initial motor vehicle sales finance licenses
- Approved January 22, 2024 meeting minutes (unanimous)
- Approved January and February financial statements (unanimous)
Motor Vehicle Commission - Sales Finance
The Motor Vehicle Sales Finance Division will hold a meeting to ratify previously issued sales finance and GAP administrator licenses. The agenda also includes an executive session for personnel and legal advice, and approval of minutes from the prior meeting.
- Ratification of 14 sales finance licenses for companies including Ruston Autoplex LLC, Crown Auto, Lendmark Financial Services, and others
- Ratification of GAP administrator licenses for Milco Inc. (PowerGuard International) and Axiom Product Administration Inc.
- Ratification of additional licenses: sales finance #SF-2023-01329 through #SF-2024-00438, GAP administrators #GA-2024-00101 through #GA-2024-00111, and GAP administrator agents #GAA-2023-00174 through #GAA-2024-00012
- Executive session scheduled for personnel matters and legal advice
The Commission approved the issuance of 12 initial motor vehicle sales finance licenses after the Executive Director reported that applications and documentation were in order. The body also unanimously approved the minutes from the November 13, 2023 meeting and accepted financial statements for November and December.
- Approved minutes of the November 13, 2023 meeting (unanimous)
- Approved November and December financial statements (unanimous)
- Issued license #SF-2023-01329 to Ruston Autoplex LLC
- Issued license #SF-2023-01330 to AL-Kaswa L.L.C. DBA Crown Auto
- Issued license #SF-2023-01331 to Lendmark Financial Services, LLC
- Issued license #SF-2023-01332 to Jackson Automotive, L.L.C.
- Issued license #SF-2023-01333 to Bill Hood Ford, L.L.C. DBA Bill Hood Bargain Center
- Issued license #SF-2023-01334 to PCC Automotive Sales & Leasing, LLC