Previously this thirty days, Maryland Attorney General Brian E. Frosh announced costs brought by their Consumer Protection Division against a name loan company. Frosh alleged that the name loan business issued unlicensed and usurious name loans in Maryland, causing financial problems for vulnerable Maryland residents while placing them in danger for repossession.
A name loan is really a short-term loan that typically carries a top rate of interest and needs the debtor to provide the title up for their car as security. Continue reading “Attorney General Data Charges Against Maryland Title Loans Organizations”