We own a trucking company.One Broker we used went out of business and we didn't receive payment from them.So this broker owe to us $3200 for 3 orders. They asked us to file on their Bond which we did Two month after we hauled the loads.
It was in February 6, 2015.LIBERTY NATIONAL FINANCIAL CORP said we were going to get paid in full.Instead of paying the claim as they was legally obligated to,they sent a denial letter stating there were no driver's signature on the paperwork for the cars being delivered.
We had customers signatures on there stating that the job was done and done to satisfaction.We rectified the no signature from the driver and resent the paperwork where they said we would still get paid in full.
It is now August 27,2015.This is 6 months later and we are still yet to see a dime and hear nothing but a varying level of excuses why we are yet to get paid for this claim.
They said we need to wait 2 or 3 month to get pay.But when we call to them in 3 month,they always say so and so is in meeting or cannot be reached at this time.Or again the same will pay in 3 month.We are tired of hearing their lies.
Please do not ever use this company as they are the biggest ripoff there is.
If you're having an issue getting a legitimate claim paid by Liberty National Financial Corp., then I would urge you to file a complaint with the FMCSA. Any bond provider must comply with the regulations set forth by the FMCSA and if they aren't paying legitimate claims, then they could have their FMCSA filer license revoked. The FMCSA is there to regulate these companies, and they won't know that claims aren't being paid unless those damaged speak up! Let your voice be heard.
Liberty National Financial Corp has refused to refund $10,000 collateral for our broker Trust Fund.
In order to comply with FMCSA’s financial security requirements, our company has maintained a trust fund agreement with Liberty National Financial Corp in the amount of $10,000.
On October 1st, 2013 Federal Motor Carrier Safety Administration’s financial security requirement for brokers and freights forwarders was raised from $10,000 to $75,000.
In 2014 my company decided to close our doors and go in a different direction. We followed Liberty Financials cancellation policy; we paid the $250 cancellation fee and filled out their cancellation request form and cancellation section on BMC-85 form. I called Sudha Garimella and was told that they hadn't received my $250 or my cancellation form. I sent both items together and checked with my bank to see if the $250 cashiers check had been cashed. The bank informed me that the cashier's check had been cashed by Liberty National Financial Corp. It's 06/16/2018 and I still haven't received my bond back. I also reported the company to the BBB. Sudha Garimella response to the mediator was that they weren't trying to keep my money and that it would be returned to me. This conversation was in 2014. It's now 6/16/18 and I still haven't received my money.
Liberty National Financial Corp verbally assured us that in case of cancelation of the trust fund the paid collateral will be refunded in full within 30 days. In accordance with the signed contract, Liberty National Financial Corp is liable to submit the cancellation to the FMSCA for evaluation and FMSCA would review it for 30 days. After that review, Liberty National Financial Corp will conduct an internal audit and refund at their discretion within 90 days. According to our last phone conversation the cancellation was never presented to FMSCA.
We received a letter, signed by the president of Liberty National Financial Corp, Cynthia Martinian stating that the refund may not be processed for another calendar year. The stated reason for not returning the collateral as promised is that their company would be liable for events/claims filed after the cancellation date. This statement from Ms. Martinian is contrary to our notarized mutual agreement stating that:
“Trustee shall not be liable for payments of any of the damages hereinbefore described which arise as the result of any contracts, agreements, undertaking, or arrangements made by the Trustor for the supplying of transportation after the cancellation of this Agreement, as herein provided, but such cancellation shall not affect the liability of the Trustee for the payment of any such damages arising as a result of contracts, agreements, or arrangements made by the Trustor for the supplying of the transportation prior to the date such cancellation becomes effective” Furthermore, the contract doesn’t indicate that Liberty National Financial Corp could withhold funds for any length of period after cancellation
We have attempted to contact Liberty several times since the cancellation request; however, Liberty still refuses to refund the $10,000 and claims they are holding it in the event a claim is filed against that trust. This is a false preface considering we currently have a bond for $75,000 that would assuredly supersede the bond that Liberty National Financial Corp is holding for us.
Liberty National Financial Corp. Reviews
We own a trucking company.One Broker we used went out of business and we didn't receive payment from them.So this broker owe to us $3200 for 3 orders. They asked us to file on their Bond which we did Two month after we hauled the loads.
It was in February 6, 2015.LIBERTY NATIONAL FINANCIAL CORP said we were going to get paid in full.Instead of paying the claim as they was legally obligated to,they sent a denial letter stating there were no driver's signature on the paperwork for the cars being delivered.
We had customers signatures on there stating that the job was done and done to satisfaction.We rectified the no signature from the driver and resent the paperwork where they said we would still get paid in full.
It is now August 27,2015.This is 6 months later and we are still yet to see a dime and hear nothing but a varying level of excuses why we are yet to get paid for this claim.
They said we need to wait 2 or 3 month to get pay.But when we call to them in 3 month,they always say so and so is in meeting or cannot be reached at this time.Or again the same will pay in 3 month.We are tired of hearing their lies.
Please do not ever use this company as they are the biggest ripoff there is.
File a complaint with the FMCSA!
If you're having an issue getting a legitimate claim paid by Liberty National Financial Corp., then I would urge you to file a complaint with the FMCSA. Any bond provider must comply with the regulations set forth by the FMCSA and if they aren't paying legitimate claims, then they could have their FMCSA filer license revoked. The FMCSA is there to regulate these companies, and they won't know that claims aren't being paid unless those damaged speak up! Let your voice be heard.
Liberty National Financial Corp has refused to refund $10,000 collateral for our broker Trust Fund.
In order to comply with FMCSA’s financial security requirements, our company has maintained a trust fund agreement with Liberty National Financial Corp in the amount of $10,000.
On October 1st, 2013 Federal Motor Carrier Safety Administration’s financial security requirement for brokers and freights forwarders was raised from $10,000 to $75,000.
In 2014 my company decided to close our doors and go in a different direction. We followed Liberty Financials cancellation policy; we paid the $250 cancellation fee and filled out their cancellation request form and cancellation section on BMC-85 form. I called Sudha Garimella and was told that they hadn't received my $250 or my cancellation form. I sent both items together and checked with my bank to see if the $250 cashiers check had been cashed. The bank informed me that the cashier's check had been cashed by Liberty National Financial Corp. It's 06/16/2018 and I still haven't received my bond back. I also reported the company to the BBB. Sudha Garimella response to the mediator was that they weren't trying to keep my money and that it would be returned to me. This conversation was in 2014. It's now 6/16/18 and I still haven't received my money.
Liberty National Financial Corp verbally assured us that in case of cancelation of the trust fund the paid collateral will be refunded in full within 30 days. In accordance with the signed contract, Liberty National Financial Corp is liable to submit the cancellation to the FMSCA for evaluation and FMSCA would review it for 30 days. After that review, Liberty National Financial Corp will conduct an internal audit and refund at their discretion within 90 days. According to our last phone conversation the cancellation was never presented to FMSCA.
We received a letter, signed by the president of Liberty National Financial Corp, Cynthia Martinian stating that the refund may not be processed for another calendar year. The stated reason for not returning the collateral as promised is that their company would be liable for events/claims filed after the cancellation date. This statement from Ms. Martinian is contrary to our notarized mutual agreement stating that:
“Trustee shall not be liable for payments of any of the damages hereinbefore described which arise as the result of any contracts, agreements, undertaking, or arrangements made by the Trustor for the supplying of transportation after the cancellation of this Agreement, as herein provided, but such cancellation shall not affect the liability of the Trustee for the payment of any such damages arising as a result of contracts, agreements, or arrangements made by the Trustor for the supplying of the transportation prior to the date such cancellation becomes effective” Furthermore, the contract doesn’t indicate that Liberty National Financial Corp could withhold funds for any length of period after cancellation
We have attempted to contact Liberty several times since the cancellation request; however, Liberty still refuses to refund the $10,000 and claims they are holding it in the event a claim is filed against that trust. This is a false preface considering we currently have a bond for $75,000 that would assuredly supersede the bond that Liberty National Financial Corp is holding for us.