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Texas DMV board revokes TC Auto Finance dealer license, assesses $500,000 penalty
Summary
After a contested-case hearing record from SOAH, the Texas Department of Motor Vehicles board voted 7–1 to revoke TC Auto Finance’s general distinguishing number and assess a $500,000 penalty for issuing 903 buyer’s temporary tags without corresponding sales.
The Texas Department of Motor Vehicles board voted 7–1 on April 10, 2025, to revoke TC Auto Finance’s general distinguishing number (GDN) and assess a $500,000 civil penalty for issuing buyer temporary tags that the administrative law judge found exceeded reported sales.
The vote followed oral presentations from department counsel and the respondent and deliberation that relied on the record developed at the State Office of Administrative Hearings (SOAH). Joyce Lowe, the Enforcement attorney who tried the case for the department at SOAH, told the board the record shows respondent issued 903 buyer temporary tags “in excess of reported sales” during a seven‑month period and asked the board to adopt findings and increase the civil penalty to $1,000 per excess tag capped at $500,000.…
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