Please do not include personal or contact information. Attorney General Maura Healey is the chief lawyer and law enforcement officer of the Commonwealth of Massachusetts. Joseph R. Kimball, III, Pettitt & Kimball, PLLC, 131 E. Exchange Ave., Ste. FIN. ADMIN. Make your practice more effective and efficient with Casetexts legal research suite. The complaint, filed in Suffolk Superior Court, alleges that since 2013, CAC failed to inform investors that the company topped off the pools of loans that they packaged and securitized with higher-risk loans, despite claiming otherwise in disclosures to investors. 8:16-cv-565-TDC, ECF No. TYRONE CANADY VS COASTLINE RECOVERY SERVICES, INC., ET AL. This lawsuit is part of AG Healeys review of securitization practices in the subprime auto marketan industry-wide investigation that remains ongoing. On May 1, 2019, Plaintiff filed this lawsuit pro se and in forma pauperis against Exeter, Although he filed the lawsuit pursuant to federal question jurisdiction under 28 An official website of the Commonwealth of Massachusetts, This page, In Largest Settlement of Its Kind, AG Healey Secures $27 Million for Thousands of Massachusetts Consumers From Subprime Auto Lender , is, for In Largest Settlement of Its Kind, AG Healey Secures $27 Million for Thousands of Massachusetts Consumers From Subprime Auto Lender, Thousands of Massachusetts consumers, many of them first-time car buyers, put their faith in CAC to help them with an auto loan, but were instead lured into high-cost loans, fell deeper in debt, and even lost their vehicles, said, The AGs action against CAC is part of her Offices ongoing industry-wide review of securitization practices in the subprime auto loan market. denied). 2005) ; Craig Sessions, M.D., P.A. In Massachusetts, Exeter agreed to pay $4.7 million to harmed borrowers and $825,000 to the state. Because loan rates (pmc, COURT STAFF) (Filed on 9/19/2017) (Entered: 09/19/2017), CONSENT/DECLINATION to Proceed Before a US Magistrate Judge by Exeter Finance Corp (Brandt, Justin) (Filed on 9/19/2017) (Entered: 09/19/2017), NOTICE of need for ADR Phone Conference (ADR L.R. Code Ann . Murphy responded with his own motion for summary judgment. CODE ANN . 2:23-CV-00293 | 2023-02-24, U.S. District Courts | Finance | A time price differential is "an amount, however denominated or expressed," that is added to the sales price, principal amount, or amount financed "paid or payable to the seller by the purchaser for the privilege of paying the offered sales price after the time of sale," such as through a retail installment contract. (arut) (Entered: 10/07/2021), Docket(#1) COMPLAINT against Exeter Finance LLC, Primeritus Financial Services Inc, John Does I-X (Filing fee $402 receipt number 0420-10110894. USA December 4 2017. The lawsuits claim the paystubs were missing important information such as the total number of hours worked and hourly pay rates and that this violates state labor law. Please limit your input to 500 characters. COURTNEY CARR, ET AL. P. 45. 2015) Court Description: MEMORANDUM OPINION AND ORDER: Accordingly, it is ordered that Parker and DocketCivil Case Management Conference scheduled for 04/22/2022 at 10:00:00 AM at Central in C-69 Katherine Bacal. 28% interest is really terrible and leaves customers feeling taken advantage of, although I know that lending to people with subpar charge is always a risk and that comes with high rates of interest. Joint Case Management Statement due by 11/9/2017. Filing fee $ 402, receipt number 0752-18366584. Signed by Judge Beth Labson Freeman on 7/26/2018. What kind of company is Exeter Finance? Case assignment: Random assignment. ISSN 2576-1064 (print) As part of the agreements, Exeter will waive deficiencies on certain subprime loans in its portfolio and will request that the major credit bureaus "wipe all trade lines for involved subprime loans" on affected consumers' credit reports, according to the statements. A finance company operating in Massachusetts, Exeter Finance LLC, will pay more than $5.5 million for its role in allegedly financing unfair, subprime auto loans for Massachusetts car buyers, Attorney General Maura Healey announced today. The Court does not issue a revised Initial Case Management Scheduling Order with ADR Deadlines. Her office previously secured a similar Admin. Wal-Mart Stores, Inc. v. Rodriguez , 92 S.W.3d 502, 506 (Tex. Cancellation and Refund Policy, Privacy Policy, and On October 11, 2014 (sixty days after the August payment under the contract was made), Murphy paid another $400.00. App.Texarkana 2014, pet. In granting Exeters no-evidence motion for summary judgment, the trial court awarded Exeter $5,500.00 in attorney fees and expenses, as well as conditional awards in the event of successful appeals to the court of appeals and the Texas Supreme Court. Refers to: Exeter Finance LLC, Original Summons filed by Garcia, Julian. App.Texarkana 2013, no pet.). (Gale, Elliot) (Filed on 9/8/2017) (Entered: 09/08/2017), ADR Certification (ADR L.R. WebIn particular: It is a violation of federal law for Exeter Finance to report inaccurate or incomplete information on your credit report. Both states say the loans violated state law. Counsel is required to send chambers a copy of the initiating documents pursuant to L.R. WebExeter Financial, LLC. (Plati, Michael) (Entered: 07/08/2021), (#4) SUMMONS Returned Executed by Dennis J. Henderson as to Experian Information Solutions, Inc. on 6/28/2021, answer due 7/19/2021. 3. Please let us know how we can improve this page. (blflc1S, COURT STAFF) (Filed on 1/29/2018), ORDER FOR DISMISSAL OF FCRA CLAIMS (granting 34 ). (adsbygoogle = window.adsbygoogle || []).push({}); Non-Government Works Copyright 2001-2023 Think Computer Corporation. 2022-12-30, U.S. District Courts | Contract | Under this formula, the $9.21638 daily finance charge accrued every day from the day after the contract was signed until a payment sufficient to reduce the principal was made. 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Tex. Exeter Finance LLC et al On 10/05/2021 Bradley filed a Finance - Consumer Credit lawsuit against Exeter Finance LLC. This case was filed in U.S. District Courts, South Carolina District Court. The Judge overseeing this case is Timothy M Cain. The case status is Pending - Other Pending. (#6) First MOTION for Extension of Time by Exeter Finance LLC. The amount financed was a little over 14,000 with an interest rate of 27%. LEXIS 194739, 2017 WL 5716756 (D. Md. Filed bySeely Moore. 3-5 b) of discussion of ADR options by Parties and Counsel (Attachments: # 1 Certificate/Proof of Service)(Brandt, Justin) (Filed on 9/26/2017), CLERK'S NOTICE RESETTING CASE MANAGEMENT CONFERENCE FOLLOWING REASSIGNMENT. Add an additional 3 days only if served by mail or otherwise allowed under Fed. Travelers Ins. Response to Motion due by 11/29/2021. Choose your news we will deliver. This matter was handled by Burt Feinberg, Peter Leight, Diana Hooley, David Lim, Madonna Cournoyer, Michael Sugar, Leah MacArthur, and Glenn Kaplan, with assistance from Arwen Thoman, Amanda Hesse, Lilia DuBois, Maggie Wallace, Gia Kim, and Rebecca Dutra, all from the Attorney Generals Insurance and Financial Services Division. Burleson v. Lawson , 487 S.W.3d 312, 317 (Tex. Top-requested sites to log in to services provided by the state. The AGs action against CAC is part of her Offices ongoing industry-wide review of securitization practices in the subprime auto loan market. On 10/05/2021 Bradley filed a Finance - Consumer Credit lawsuit against Exeter Finance LLC. (holding party entitled to recover attorney fees for successfully defending fraud and DTPA claims under contract provision for such fees when agreement allowed their recovery by "[t]he prevailing party in any legal proceeding brought under or with respect to the transaction described in his contract"); Rich v. Olah , 274 S.W.3d 878, 888 (Tex. The other $1.8 million was for future emotional and physical damages. 2013) ). Please do not include personal or contact information. In a separate settlement, the Delaware Department of Justice secured $2.9 million in consumer relief from Santander. The petition also named Excel as a defendant, but Murphy later nonsuited his claims against Excel, leaving Exeter as the sole defendant. Exeter filed a denial and special exceptions. Her office previously secured a similar settlement with Santander requiring the company to pay $22 million and provide over $7 million in debt relief to Massachusetts borrowers. EXETER FINANCE LLC, A LIMITED LIABILITY COMPANY vs WILLIAMS, DUNN v. EQUIFAX INFORMATION SERVICES LLC et al, Aycock v. JPMorgan Chase Bank, N.A. WebA number of companies have been sued in California for failing to provide their workers with accurate wage statements. A contract term is given its plain and ordinary meaning unless the instrument indicates a different meaning is intended by the parties. R. Civ. Why is this public record being published online? (Ellis, Bernie) (Entered: 11/11/2021), (#9) ANSWER to #1 Complaint by Exeter Finance LLC. In Billy Ginwright v. Exeter Finance Corp ., No. 2022-07-26. As of that date, Murphy owed $433.17 in accrued finance charge (47 days x $9.21638 = $433.17). If you need assistance, please Contact the Attorney General's Office at (617) 727-2200. AG Claims Company Misled Investors, Sold Unfair and Illegally High Interest Loans and Engaged in Illegal Debt Collection Practices. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. And although the financed amount decreased by $1,000, the monthly payments increased from approximately $500 to $516. A .mass.gov website belongs to an official government organization in Massachusetts. Exeter to settle 'unfair loans' for $6 million. Murphy filed this appeal. We will use this information to improve this page. Tex. On December 29, 2016, Murphy filed suit against Exeter alleging that Exeter demanded, charged, and/or received usurious interest. You can unsubscribe at any time through links in these emails. See more newsletter options at autonews.com/newsletters. Mailed notice (ef, ) (Entered: 11/12/2021), (#34) REPORT of Rule 26(f) Planning Meeting by Dennis J. Henderson (Plati, Michael) (Entered: 11/02/2021), (#33) ORDER signed by the Honorable John F. Kness on 10/19/2021: Telephonic initial status hearing is set for 11/15/2021 at 10:00 AM. Refers to: Exeter Finance LLC Filed By: Garcia, Julian (Plaintiff), Civil Case Cover Sheet filed by Garcia, Julian. Excel assigned the contract to Exeter. 348.104(d) (West 2016); 7 TEX. Our partnership with dealers, exceptional customer More:Marshfield mom tried to raise money for a wheelchair ramp. (Gale, Elliot) (Filed on 8/4/2017), CONSENT/DECLINATION to Proceed Before a US Magistrate Judge by Seely Moore.. (Gale, Elliot) (Filed on 7/25/2017), Summons Issued as to Exeter Finance Corp., Experian Information Solutions, Inc. (dhmS, COURT STAFF) (Filed on 7/20/2017), Initial Case Management Scheduling Order with ADR Deadlines: Case Management Statement due by 10/10/2017. Mooneyham and Big Red signed a second RISC containing these terms. Therefore, even granting all inferences in Murphys favor, we find that the statement of account, Murphys listed calculations, and his affidavit fail to present any evidence of probative value to support his usury claim against Exeter. (Ellis, Bernie) (Entered: 12/03/2021), (#10) Local Rule 26.01 Answers to Interrogatories by Exeter Finance LLC. Carolina District Court from approximately $ 500 to $ 516 It is a violation of law! 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