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davidn3600

(6,342 posts)
Mon Apr 1, 2013, 02:41 AM Apr 2013

Used car dealer indicted for mistreating servicemember with car loan

BIRMINGHAM, Ala. — A north Alabama car dealer was indicted on federal charges of refusing to lower the interest rate in a vehicle deal with a National Guard member who was sent to war.

Carl Ralph Nuss, 74, of Cullman was indicted on two counts of violating a federal law that mandates breaks for service members who are called to active duty, federal prosecutors said in a statement Thursday.

Nuss, who owns North Alabama Wholesale Autos, denied doing anything wrong and claimed the guardsman’s family was trying to get out of paying for a vehicle.

Authorities said a 22-year-old service member bought a Ford Sport-Trac from Nuss in 2011 and was later called to active duty in Afghanistan. The guardsman requested a reduction in his 25 percent annual interest charge to 6 percent, as required by the law, but Nuss refused, said the statement from prosecutors.

Prosecutors said the dealer then hired two men who repossessed the $9,700 vehicle.


http://www.armytimes.com/news/2013/03/ap-car-dealer-charged-with-mistreating-guardsman-032913/

According to the FBI, the maximum penalty if convicted is $200,000 fine and 2 years in prison.
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Used car dealer indicted for mistreating servicemember with car loan (Original Post) davidn3600 Apr 2013 OP
25% APR? That is ridiculous MiniMe Apr 2013 #1
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