2 financial companies accused of illegally renting dogs in Mass. – Boston News, Weather, Sports
BOSTON (WHDH) – Two finance companies are to transfer full ownership of dozens of dogs to consumers in Mass. and forgoing balances totaling more than $ 126,000 to settle allegations they illegally rented pets, officials said.
Nevada companies, Credova Financial, LLC and Nextep Holdings, LLC, violated the Mass. Consumer Protection Act and other state laws by entering into and holding leases for hundreds of dogs since 2017 through its subsidiary MyPetFunding, LLC, Attorney General Maura Healey said. Thusday.
Dog rentals are illegal in Massachusetts, and Healey says they are often an expensive way to purchase a pet.
“Having a dog can be a significant emotional and financial investment for many families, so when the dog is used as collateral in a lease, the end result can be expensive and heartbreaking,” Healey said. “State law clearly prohibits the rental of dogs for good reason, and our office will not allow businesses to exploit Massachusetts families in this manner. We are happy to obtain monetary relief for these pet owners.
In addition to transferring ownership of the dogs to consumers and canceling remaining balances on leases, companies must also return any amounts they have collected from consumers since Jan. 1, 2021, according to the GA’s office.
The companies also agreed not to create new dog leases in Massachusetts and pay the state $ 50,000 as part of the settlement, the GA’s office added.
The bureau continues to examine whether other companies have rented dogs from consumers in Massachusetts.
Consumers who have been victims of dog rentals are encouraged to contact the Insurance and Financial Services Division of AG at 1-888-830-6277 or file a complaint at www.mass.gov/ago.
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