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Tuesday, October 22, 2019

Michigan AG announces judgment against Liquidation LLB for allegedly illegal auto loans

By Mark Iandolo | Jun 10, 2016

LANSING, Mich. (Legal Newsline) – Michigan Attorney General Bill Schuette announced a default judgment and final order for permanent injunction from Judge William Collette in the Ingham County Circuit Court against Liquidation LLC and its manager, Mark Edward Weiner, after allegations of providing illegal title loans.

The judgment bans the defendants from any further collection activities on illegal title loans for Michigan consumers. Additionally, the judgment allows allegedly victimized consumers to apply to have their lien for loan repayment removed.

“This company took advantage of financially vulnerable drivers with damaged credit histories,” Schuette said. “For many of these consumers, their vehicle is likely their largest asset and only means of transportation. This victory keeps Michigan residents in their cars and ensures they can get to work to provide for their family."

Schuette acknowledged Michigan Secretary of State Ruth Johnson for her assistance in putting a stop to the alleged illegal activities of Liquidation.

“I am grateful that our partnership with the AG’s office will help customers get a clean title so they can keep their car and get back on track after such a disruption in their lives,” Johnson said.

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Michigan Office of the Attorney General