First Name | Mark |
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Last Name | Sturdevant |
Email Address | msturdevant@lafreightliner.com |
Affiliation | Los Angeles Freightliner |
Subject | CARB Proposed Good faith loan denial extension |
Comment | Please be advised that we have had dozens of small fleets and owner operators come into our dealerships in the last few months asking for loan denial lettters. When told they need to try to buy a truck first they respond across the board "I have no intention in buying a newer truck, I just want the letter so I can get an extension". Unless the carrier went through the finance credit approval process with our company we turned them away. There were many dealerships and lenders though that did give the fraudulant letters. There is major fraud involved with that extension provision and it will be more prevelant should you give them a 3 year additional extension beyond July as proposed. I have been told by out of state carriers that there are "finance brokers" offering loan denial letters for a cash fee, should you give that extension until 2018. You cannot allow this to pass. There are many carriers that have upgraded their trucks and would be put at a competetive disadvantage due to the increased payment liability as compared to a non-compliant carrier that recieved such an extension with their old, polluting truck. Mark Sturdevant |
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Date and Time Comment Was Submitted | 2014-04-02 16:40:06 |
If you have any questions or comments please contact Clerk of the Board at (916) 322-5594.