Category: Important Notices

Notice 006: July 8, 2015 – South Carolina

GAP Legislation Passes in South Carolina South Carolina Senate Bill 441 was signed by the governor June 1, 2015 and is effective November 30, 2015. For South Carolina, this bill now provides a solid legislative framework under which GAP waiver

Notice 005: November 17, 2014 – Pennsylvania

Pennsylvania House Bill 1128 effective November 27, 2014 requires an automotive dealer to a make a separate written and oral disclosure to customers who purchase GAP waiver coverage. The disclosure must state the debt cancellation agreement, i.e. GAP Addendum form,

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