RICHMOND, Va. (Legal Newsline) — Virginia Attorney General Mark R. Herring announced a lawsuit Sept. 13 against open-end credit plan lender Allied Title Lending LLC, doing business as Allied Cash Advance, for allegations of making illegal loans.
According to Herring’s office, Allied makes illegal, unlicensed loans at 273.75 percent annual interest. Herring says Allied violates the Virginia consumer finance statutes and the Virginia Consumer Protection Act. He seeks restitution for consumers as well as civil penalties, attorney fees and an order barring Allied from further violations of state laws.
"Virginia consumers have a right to expect that lenders that conduct business in the commonwealth and that profit from charging these high interest rates will comply with our laws," Herring said. "I am dedicated to enforcing consumer protection laws when it becomes clear they have been violated and I intend to hold lenders accountable to Virginia's citizens for their conduct."
Allied operates in different locations across Virginia: Alexandria, Charlottesville, Fredericksburg, Hampton, Harrisonburg, Highland Springs, Lynchburg, Manassas, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Rocky Mount, Staunton, Tappahannock and Winchester.
The lawsuit was filed Sept. 12 in Richmond County Circuit Court.