June 21, 2018
Indiana GAP bulletin issued citing changes.
The purpose of this notice is to draw your attention to the bulletin issued by the Indiana Department of Financial Institutions dated April 2, 2018 regarding House Enrolled Act 1397. To review the complete bulletin, please click here.
Here are the key changes, effective July 1st, 2018:
- GAP contracts will no longer have a regulated maximum retail cost. This applies to auto, power sport and RV GAP.
- Until further notice, all GAP contracts provided by Wise F&I with Financial Gap Administrator LLC as administrator, must include a new Indiana Endorsement to the GAP Addendum. Click here to download. This endorsement has already been uploaded for all applicable GAP eContracting relationships.
Questions or concerns?
Please contact Client Services at 800-849-9559 or email email@example.com.