Security National Automotive Acceptance Company, LLC.

CFPB filed a lawsuit and an administrative order against Security National Automotive Acceptance Company (SNAAC), an auto lender specializing in loans to servicemembers, for engaging in illegal debt collection practices. The order requires the company to refund or credit about $2.28 million to servicemembers and other consumers who were allegedly harmed, and pay a penalty of $1 million.

Related documents

Complaint

Stipulated Final Judgment and Order

Consent Order

Stipulation

Press release

CFPB Takes Action Against Servicemember Auto Lender for Aggressive Debt Collection Tactics

CFPB Orders Servicemember Auto Loan Company to Pay $3.28 Million for Illegal Debt Collection Tactics