Marac Finance Limited

Finance company providing vehicle finance to consumers and businesses through a dealer network. A subsidiary of Heartland Bank Limited. The Commission has settled with Marac following the finance companys decision to refund 1,000 customers a total of about $567,000. The refunds are to borrowers who paid their loans back early between 2006 and 2010 but were not refunded premiums for their loan repayment insurance.