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Security National Automotive Acceptance Co. agreed to pay $1.25 million to settle the bureau's charges that it failed to pay $2.275 million in consumer redress for illegal debt-collection tactics under the regulator's October 2015 order. But the company did so without admitting to the CFPB's finding, company officials said.
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Security National Automotive Acceptance Corp. announced it has closed on the sale of the company to a group of private investors and has secured $450 million of senior debt financing.
Read More →Security National Automotive Acceptance Corporation’s new E-Signature product for SNAACNow.com ensures that the buyer reviews contracts and documents that are filled in completely prior to signing.
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