In the News 03/17/2015

In Carson City, Nevada, state legislators are considering a bill that will allow finance companies to use a disabling device called the “Starter Interrupt Device,” which will allow companies to electronically disable a car when a buyer gets behind on car loan payments.

Consumer advocates are fighting the bill because the language says that the remote tool can be used when a buyer is only three days late on a payment, even though Nevada state law says that a buyer isn’t delinquent on their payment until after 30 days.

Consumer advocates are concerned that changes to the 30-day grace period will fundamentally change car sale laws that have been in effect for more than 50 years. A similar bill failed in the last legislative session. To learn more, visit:

http://www.creditandcollectionnews.com/viewer.php?url=http%3A%2F%2Fwww.lasvegasnvblog.com%2F2015%2F03%2Flegislators-visit-bill-to-electronically-disable-car-after-late-payment%2F

http://www.8newsnow.com/story/28536180/i-team-legislators-visit-bill-to-electronically-disable-car-after-late-payment

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