Related Party Transactions

3 Months Ended

Mar. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions

8.RELATED PARTY TRANSACTIONS

In the normal course of our business, affiliated Dealer-Partners assign Consumer Loans to us under the Portfolio and Purchase Programs.Dealer Loans and Purchased Loans with affiliated Dealer-Partners are on the same terms as those with non-affiliated Dealer-Partners.Affiliated Dealer-Partners are comprised of Dealer-Partners owned or controlled by: (1) our Chairman and significant shareholder; and (2) a member of the Chairman’s immediate family.

Affiliated Dealer Loan balances were $5.3 million and $4.9 million as of March 31, 2012 and December 31, 2011, respectively.As of March 31, 2012 and December 31, 2011, affiliated Dealer Loan balances were 0.3% of total consolidated Dealer Loan balances.A summary of related party Loan activity is as follows:

(In thousands)	For the Three Months Ended March 31,
	2012				2011
	Affiliated Dealer-Partner activity		% of consolidated		Affiliated Dealer-Partner activity		% of consolidated
Dealer Loan revenue	$	277	0.3	%	$	545	0.6	%
New Consumer Loan assignments (1)		1,166	0.3	%		347	0.1	%
Accelerated Dealer Holdback payments		70	0.5	%		24	0.2	%
Dealer Holdback payments		991	3.0	%		465	3.0	%

(1)Represents advances paid to Dealer-Partners on Consumer Loans assigned under our Portfolio Program and one-time payments made to Dealer-Partners to purchase Consumer Loans assigned under our Purchase Program.

Our Chairman and significant shareholder has indirect control over entities that, in the past, offered secured lines of credit to automobile dealers, and has the right or obligation to reacquire these entities under certain circumstances until December 31, 2014 or the repayment of the related purchase money note.