Trump Administration intends to End Military Lending Act Prohibition on Offering GAP Insurance to Service Members in Auto Loan Transactions
NPR reported last week that the Trump management is about to end the present prohibition underneath the Military Lending Act (“MLA”) against creditors providing solution users GAP insurance coverage relating to credit meant to fund the purchase of automobiles. Present guidance that is interpretive the Department of Defense’s laws applying the MLA prohibits creditors from …
New york adopts brand new demands for car or truck dealers
The latest York City Department of Consumer Affairs (DCA) has used new rules for car or truck dealers, requiring all licensed dealers to help make additional disclosures to customers and producing a consumer that is new of legal rights for the industry. The new guidelines went into influence on June 24, 2018.