Title Lenders Seek Dismissal of Attorney General’s Lawsuit

July 19, 2013
West Virginia Record 
car title lending news

Virginia-based companies that make auto title loans to consumers in West Virginia are moving to dismiss a lawsuit over the practice. West Virginia Attorney General Patrick Morrisey inherited the case -- made against Virginia Auto Loans, Fast Auto Loans, and Community Loans of America -- from former AG Darrell McGraw. On July 9, the defendants in the case -- including Fast Auto Loans and Community Loans of America CEO Robert I. Reich -- filed motions to dismiss. Although sued for violating West Virginia law, the defendants claim they are not in violation because they make loans from offices in Virginia and do not technically operate in West Virginia. McGraw's original complaint said the companies have placed liens on 512 West Virginia vehicles in 24 different counties worth a total of $371,883.48.
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