The Industry's Leading Source For F&I, Sales And Technology

Compliance

N.J. Dealer Agrees to Pay $66K Fine

October 31, 2013

TRENTON, N.J. — Lencore Leasing, which does business as North Jersey Auto Mall, has agreed to pay $66,000 in penalties as part of a settlement with state consumer affairs officials. The dealership was accused of misrepresenting the condition of the vehicles it was selling, the Associated Press reports. 

Under the settlement, the dealer did not admit to any violations. If it does not comply with the settlement term within a year, it could face an additional $50,000 fine.

To read the full story, click here.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

Senators Call for ‘Complete Details’ of CFPB Auto Finance Probe

This week, 11 Democrats and 11 Republicans issued a letter to CFPB Director Richard Cordray, demanding transparency in how the bureau is determining the presence of discriminatory practices in the indirect financing channel.