Category: Important Notices

Notice 004: July 2, 2014 – New York

New York Assemble Bill 7844 which was signed by the Governor June 16, 2014 prohibits manufactures/distributors from requiring or coercing franchised motor vehicle dealers to sell, or sell exclusively, an extended service contract, extended maintenance plan or similar products (including

Notice 003: June 19, 2014 – Mississippi

Mississippi House Bill 581 and its companion Senate Bill 2431 become effective July 1, 2014 and amend the MS dealer franchise laws. In order to sell a third-party extended service contract, extended maintenance plan or similar product (including GAP) a

Notice 002: May 20, 2014 – Indiana Disclosure

The Indiana Department of Financial Institutions (DFI) regulates the consumer GAP retail charge and recently issued a memo that increases the maximum amount that may be charged. Effective for all GAP waiver contracts, written on or after July 1, 2014