I couple years ago I was in a financial bind and I took out one of those high interest vehicle-title loans
offered by Sovereign Lending Solutions, Car Loans, and Autoloans, LLC. as well as numerous shady lending companies. While I was still making payments on this loan my car was repossessed with no notice.
In late February 2016 I received a letter from the Pennsyvania dept. of Banking and Securities (PA DB&S) notifying me that I have been identified as a consumer entitled to relief from an illegal loan.
Two months later (late April 2016) I received the title to the car which was repossess in late 2015 by Sovereign Lending Solutions, Car Loans, and Autoloans, LLC.
These events were the result of an enforcement order issued by the PA DB&S on June 24, 2015, which was later upheld by the Commonwealth Court of Pennsylvania. http://www.dobs.pa.gov/Documents/Enforcement%20Orders/2016/012216Petition%20to%20Enforce%20Granted%20(2)Redacted.pdf
The court’s order required the companies to:
-Stop making loans to Pennsylvania Residents
-Stop collecting payment of principle or interest on any existing loans from any Pennsylvania resident
-Stop repossessing cars from Pennsylvania residents
-Release all liens on file at PenDOT
-Return all titles to Pennsylvania residents
Although I was living in Colorado when my car was repossessed, I was still a Pa resident.
According to the NMVTIS vehicle and title history search the car was last registered and titled in Colorado on 03/03/15
The date of issue on the PA title I received is 04/13/16
I was depending on the income from the sale of this car to pay bills, and since its repression I have been in a financial tailspin, barely able to stay above water.
my question is, Since I hold the most recent title to this vehicle, do I have any legal grounds to recover it?
If I can legally recover this vehicle how do I go about doing it?
I contacted the PA Dept. of banking of securities with this question, and they told me to contact the PA Attorney General
The PA Attorney General’s Office told me they were not sure what legal grounds I would have to recover the vehicle and recommended I seek out legal advice.
Any advice would be greatly appreciated.