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Walker Chevrolet, Inc. and Dean Walker - Post-Hearing Agreement
March 17, 2010
The Decision and Order in this case, dated December 17, 2009, was served on Respondents Walker Chevrolet, Inc. and Dean E. Walker. Respondents did not appeal the Decision and Order, which accordingly has become final.
Since the Decision and Order was issued, the Bureau of Consumer Credit Protection has become satisfied that Respondents have paid to M&T Bank the balance of $11,833 due on the Ford F-150 pick-up truck that Gene C. and Linda J. Everett traded in when they purchased a new vehicle from Walker Chevrolet. See ? 23 of the Decision and Order.
The Bureau is satisfied Respondents have paid to Chrysler Financial the balance of $8850 that they were obligated to pay on the Jeep Grand Cherokee that Robert and Geraldine Johnson opted to purchase after originally leasing the vehicle. See ? 23 of the Decision and Order.
Respondent Walker has paid to the Bureau $4000 in full satisfaction of the Bureau?s costs of investigation and prosecution of the three transactions that were the subject of the Decision and Order in these proceedings. See ? 27 of the Decision and Order. The parties hereby agree that Respondents shall pay to the Treasurer, State of Maine, through Eric E. Wright, Staff Attorney for the Bureau, the $25,500 in civil penalties (see ? 26 of the Decision and Order) in 12 monthly installments of $2125 each, beginning on March 15, 2010, and continuing thereafter on the 15th day of each month through and including February 15, 2011. The payments are due in the office of the Bureau by the dates specified or, when the 15th of any month is a weekend, holiday, or state furlough day, by the next business day.
Respondent Walker Chevrolet?s general creditor registration with the Bureau is provisionally reinstated on the condition that the monthly payments of civil penalties are made in a timely fashion. See ? 22 of the Decision and Order. Failure by Respondents to make the required payments as specified in this Agreement may result in renewed revocation of Respondent Walker Chevrolet?s general creditor license, thereby denying Respondents the ability to engage in any credit-granting activity. No further hearing will be required before the Bureau may again revoke Walker Chevrolet?s general creditor license
Respondents remain obligated to satisfy ? 25 of the Decision and Order relating to making any necessary repair to the credit reports of the consumers that are the subject of the Decision and Order in these proceedings.
This Post-Hearing Agreement does not affect ? 28 of the Decision and Order regarding the authority of the Attorney General.
| Date: February 16, 2010 | /s/Dean C.Walker |
| Dean C.Walker | |
| Walker Chevrolet, Inc. | |
| Date: 02-17-2010 | /s/William N. Lund |
| William N. Lund | |
| Superintendent | |
| Maine Bureau of Consumer Credit Protection |