July 2, 2014
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 GAP) endorsed or sponsored by the manufacturer or distributor. The legislation provides in order for a dealer to sells these products, that are not offered, endorsed or sponsored by the manufacturer or distributor, the dealer must disclose in a separate statement acknowledged by the consumer that the product is not offered, endorsed or sponsored by the manufacturer or distributor.
As it relates to products offered by Wise F&I, or any affiliate of Wise F&I, the disclosures would be specific to each F&I product category. Click below to obtain a template .pdf file of each disclosure.
- New York Acknowledgment (Vehicle Service Contract)
- New York Acknowledgment (GAP Addendum)
- New York Acknowledgment (Theft Deterrent System)
Questions or concerns? Please contact Client Services at 800-849-9559 or email ClientServices@WiseFandI.com.