Lender Compliance Technologies (LCT), a company that specializes in compliance solutions for automotive, RV, marine, and powersports lenders, has raised $4.15 million in a Series A funding round.

The round was led by by Automotive Ventures and included participation from Driven Capital Partners.

Lender Compliance Technologies (LCT) seeks to set a new standard in compliance solutions for auto, RV, marine and powersports lenders. Its first product, Refund Control, helps lenders take control of the cancellation and refund process of F&I products and protect against operational errors that can ultimately be found by regulators to violate consumer protection laws.