Auto Finance

Auto Finance Compliance and Consumer Credit

Compliance and Regulatory Issues.  Mr. Lynch represents both direct and indirect lenders (Sales Finance Companies) in Federal and State regulatory compliance including Credit and Finance Law with a focus on auto finance law.  In representing both direct lenders and indirect lenders that purchase retail installment sales contracts (“RISCs”), the firm advises lenders on compliance with the extensive array of consumer credit laws and regulations including:

  • Truth in Lending
  • Equal Credit Opportunity
  • FTC Credit Rules
  • Privacy Rules
  • Fair Debt Collection laws
  • State laws governing (i) Motor Vehicle Retail Installment Sales compliance, (ii) consumer lending laws, (iii) sales finance company licensing, and (iv) consumer lender licensing.

Often your compliance, loan and collection department need prompt answers and advice. You do not want to wait days for an answer. Rather, you need a timely answer and you want the work to be reasonably priced. You will be thrilled to learn that you can get this by picking up the phone or sending an email. You will be surprised by how prompt and efficient we are in getting you the answers your business needs.

Other areas where Finance Companies need fast, expert advice:

  • Dealer Disputes and Contract Claims
  • Electronic Fund Transfers (EFTA)
  • Electronic Self Help - Starter Interrupt and GPS Tracking Laws
  • Fair Credit Reporting (FCRA)
  • Gramm-Leach-Bliley Act Notices
  • Holder Rule – Disclosures, Defenses and Limitations
  • Itemizing Fees and Costs
  • Limitations on Fees including Doc Fees
  • Military Lending Act
  • Repair and Storage Company Liens
  • Replevin
  • Safeguarding Rules
  • State Laws re Notices and Disclosure
  • Vendor Single Interest Insurance

The bottom line: you need to operate in compliance with federal and state law and you need to do so efficiently and profitably. Our bottom line: we will ensure that you promptly get the information needed to protect your business in this environment of increased regulatory oversight and that you get it at a reasonable, cost efficient price.

Law Offices of Paul Lynch

Quality Legal Representation by Paul Lynch