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Comment 71 for Truck and Bus Regulation (truckbus14) - 45 Day.

First NameMark
Last NameSturdevant
Email Addressmsturdevant@lafreightliner.com
AffiliationLos Angeles Freightliner
SubjectCARB 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 

Attachment
Original File Name
Date and Time Comment Was Submitted 2014-04-02 16:40:06

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