May 20, 2014
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 and administered by Financial Gap Administrator LLC, the maximum consumer retail price limitation of $460 will be increased to $506.
Questions or concerns? Please contact Client Services at 800-849-9559 or email ClientServices@WiseFandI.com.