A Collinsville couple claims their lender failed to release the security interest in their vehicle in the required amount of time after they had paid off the automobile.
Patrick and Fannie Mae Kaveny filed a lawsuit April 3 in the Madison County Circuit Court against One Main Financial and CitiFinancial.
In their complaint, the Kavenys allege they paid off their vehicle on Feb. 11. In turn, One Main Financial and CitiFinancial should have released the security interest in the Kavenys’ vehicle within 21 days, according to the complaint. However, the defendants failed to release the security interest in the required amount of time, the suit states.
“As a direct and proximate result of the foregoing, the plaintiffs have been damaged in the amount of $150, plus costs and fees in obtaining said title,” the complaint says.
The Kavenys say they are not alone in their failure to receive the title and are asking the court to declare the complaint as a class action complaint. They also are seeking damages of more than $50,000, plus attorneys’ fees and other relief the court deems just.
They are being represented by Shari L. Murphy of The Law Offices of Shari L. Murphy in Wood River.Madison County Circuit Court case number 14-L-531.