Cash settlement for troops whose cars were repossessed
Medill News Service
By: Holly Baker
August 6, 2019
WASHINGTON — Nissan Motor Acceptance Corp., the financial services arm for Nissan North America, settled a federal lawsuit Thursdays alleging violations of a law that helps members of the military by suspending certain financial obligations during active duty.
The $3 million settlement was reached the same day the government’s complaint was filed; the investigation, however, had been going on since at least December 2016 when the government first notified Nissan that it was looking into the alleged misconduct.
The lawsuit alleged that Nissan repossessed at least 113 service members’ vehicles without a court order and failed to refund certain upfront payments after many service members terminated their leases, as required by law. Nissan did not admit to any wrongdoing in the settlement.
The purpose of the Servicemembers Civil Relief Act is “to enable [service members] to devote their entire energy to the defense needs of the Nation,” according to the government’s complaint.
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