Violation Tracker Individual Record

Company: 
Credit Acceptance Corp.
Current Parent Company: 
Credit Acceptance Corp.
Penalty: 
$125,000
Year: 
2012
Date: 
November 21, 2012
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Credit Acceptance Corp. agreed to pay $125,000 in settlement of allegations it collected payments and obtained judgments on automobile loans where the purchaser of the vehicle never obtained a proper certificate of title.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Missouri Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Missouri
HQ Country of Parent: 
USA
HQ State of Parent: 
Michigan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
motor vehicle financing
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.