Finance Insurance

GAP coverage is drawing more legislative attention

GAP FCA dealer
One expert predicts the automotive finance industry will see a "spike" in GAP regulations at the state level, probably reaching the level of the 59 measures proposed during the 2009 to 2011 period. (DAVID PHILLIPS)
March 28, 2022 03:43 AM

Guaranteed Asset Protection coverage has been receiving attention in state capitols, leading to speculation that lawmakers might be filing GAP bills at a rate not seen for more than a decade, an American Financial Services Association regulatory expert said this month.

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