Maryland Commissioner: 9 Premium Finance Companies Broke the Law

October 6, 2008

  • October 21, 2008 at 12:49 pm
    Patrick says:
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    Ralph Tyler is trying to twist the law to make political gain and pocket money from the high-risk auto insurance industry. First, the section of law that he is referring to is in reference to how interest is booked not earned. Second the way he is trying to apply is counter intuitive and the opposite of how any other lending institute would work. Most people know that when they have $1,000 loaned to them they will be charged more interest than when they have the loan paid down to $100. I challenge anyone to show any lending program that does not charge more interest when you have more money lent. The attitude that I’m the government and I can make up my own rules needs to stop.

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