The Florida Office of Financial Regulation today announced that an administrative complaint has been filed against Riverside Chevrolet, LLC d/b/a Riverside Chevrolet for violations of Chapter 520, Florida Statutes. The agency is seeking a revocation of licensure and an administrative fine.
Division of Consumer Finance Director Gregory Oaks said, “This examination is ongoing. Consumers who suspect questionable business practices are encouraged to file a complaint with the Florida Office of Financial Regulation online at flofr.com or by calling (850) 487-9687.”
The agency’s administrative complaint alleges that Riverside Chevrolet failed to pay off liens on vehicles which were traded in, in violation of the retail installment contracts, and then resold trade-in vehicles, despite not having legal title to sell the vehicles.