ATTORNEY GENERAL HERRING SUES ALLIED TITLE LENDING, LLC IN MAKING OPEN-END CREDIT LOANS SPECULATED TO VIOLATE CUSTOMER STATUTES
AG Herring seeks restitution on the part of affected customers
RICHMOND (September 13, 2017) – Attorney General Mark R. Herring filed case against open-end credit plan loan provider, Allied Title Lending LLC, d/b/a Allied advance loan for presumably making unlawful, unlicensed loans at 273.75% yearly interest, as well as for breaking the Virginia consumer finance statutes plus the Virginia customer Protection Act regarding the the business’s financing training.
“Virginia customers have the right you may anticipate that loan providers that conduct company into the Commonwealth and therefore benefit from charging you these high rates of interest will adhere to our regulations,” stated Attorney General Herring. “we have always been aimed at enforcing customer security guidelines whenever it becomes clear they are violated and I also want to hold loan providers accountable to Virginia’s $255 payday loans online california residents for his or her conduct.”