welcome once again to lato's law here's steve lato this very well could be the most requested video topic of all time and it involves rvs recreational vehicles i've done videos on rvs in fact some of the most watched videos on my channel are about rvs and the perils of purchasing rvs so this one has a headline that catches a lot of people's attention and a lot of people passed it along to me and i didn't count but it looks to me like maybe NUMBER_TOKEN people at least recommended to me in the last NUMBER_TOKEN hours so i appreciate that i'll mention all of them at the end to save time fox NUMBER_TOKEN a tv station out of salt lake city had an investigation involving a dealership called general rv and their investigation has now prompted utah to look into potential fraud at general rv and here's the situation that involves alleged discrepancies on a consumer's general rv contract and after they did their story initially other customers have come forward and pointed out there's an issue with the contract and what we're talking about is the loan agreement so you go to a dealership to buy an rv if you want to you can bring in big bags of cash with dollar signs on them but we don't recommend that in america so you go in and chances are you haven't got the kind of money anyway so you say i'd like to borrow the money can i can i borrow the money take out a loan and they'll say yes in fact you can take out a really really long loan which is good because number one these things are expensive but number two they say you know gives you a long time to pay it off so you can take a nice long NUMBER_TOKEN-year loan NUMBER_TOKEN-year loan to purchase an rv and you say great they run your credit they say you've been approved you sit down you sign a whole mess of documents and buried in there one of those documents is a loan contract a retail installment sales contract and there are laws regarding what's on that contract and what form it must be in and it's designed to let you know everything about the loan the interest rate the amount how many payments you're gonna make are there any balloon payments and things of that nature so here's what's going on uh the story originally ran and it's since prompted the utah motor vehicle enforcement division to investigate the dealership for potential fraud and what they're talking about is a person who bought a vehicle from general rv came forward and said look at my loan contract and on their loan contract it says that the loan is for NUMBER_TOKEN months or it might be NUMBER_TOKEN because in one box it should have the number of months or the number of payments in it it appears to be smudged appears to be smudged and the word smudge keeps popping up over and over again so in addition to the smudge the math on the customers contracts do not add up each customer is ultimately faced with surprise payments of tens of thousands of dollars and so what the people are claiming is that they went into the dealership and said look i would like to buy this vehicle on a NUMBER_TOKEN-year loan NUMBER_TOKEN payments is that doable they say yeah it's doable that's what the allegation is the allegation is then that the
START_SPONSOR_TOKEN videos on rvs in fact some of the most watched videos on my channel END_SPONSOR_TOKEN