District 1 Councilman Diego M. Bernal announced today that seven criminal cases are pending in San Antonio Municipal Court for violation of the San Antonio Credit Access Business Regulation (Payday Loan Ordinance).
In these seven prosecutions, it is alleged that these lenders violated the ordinance regulating payday and title loan businesses by conducting business without the required city certificate of registration. Four additional cases were filed for failing to allow the city to inspect their business records, as required by the city ordinance.
It is a Class C misdemeanor to violate the ordinance, punishable by a fine of up to $500 for each violation alleged and each day during which a violation is alleged to have occurred.
There are 217 payday and title loan lenders in San Antonio, and only seven are charged with violating the city ordinance by failing to register with the City. Thus, more than 96 percent of these businesses are properly registered as required by the San Antonio ordinance.
“Payday and title loan lenders are now on notice: If you play ball in our city, you must play by our rules and you must play fair,” said Councilman Bernal, who sponsored the ordinance.
For more information, residents can call the District 1 Field Office at (210) 207-0900.