1.4.2.2 Financing, Add-Ons, and Insurance

Highlight Updates

1.4.2.2 Financing, Add-Ons, and Insurance

● Add-ons.
◦ Etching. See Unfair and Deceptive Acts and Practices § 7.2.7.3;⁴⁰ Consumer Credit Regulation § 11.5.4.2.⁴¹
◦ Credit insurance. See Unfair and Deceptive Acts and Practices § 7.2.5;⁴² Consumer Credit Regulation § 11.5.4.3.⁴³
◦ Service contracts. See Unfair and Deceptive Acts and Practices § 7.2.4;⁴⁴ Consumer Credit Regulation § 11.5.3;⁴⁵ Consumer Warranty Law Ch. 20.⁴⁶
◦ GAP insurance. See Consumer Credit Regulation § 11.5.4.4.⁴⁷
◦ Rustproofing. See Unfair and Deceptive Acts and Practices § 7.2.7.4.⁴⁸
◦ Packing. See Unfair and Deceptive Acts and Practices § 7.2;⁴⁹ Consumer Credit Regulation §§ 11.5.1, 11.5.2.⁵⁰
● Document fees. See Unfair and Deceptive Acts and Practices § 7.2.6;⁵¹ Consumer Credit Regulation § 11.4.4.⁵²
● Creditor insurance coverage.
◦ Vendor single interest. See Consumer Credit Regulation § 11.5.4.5.⁵³
◦ Force-placed. See Consumer Credit Regulation § 11.5.4.6.⁵⁴
● Creditor payments to dealers. See Unfair and Deceptive Acts and Practices § 7.2.3.⁵⁵
● Dealer alterations of credit applications. See Unfair and Deceptive Acts and Practices § 7.2.3.5.⁵⁶
● Motor vehicle installment sales limitations. See Consumer Credit Regulation § 11.4, Appx. C.⁵⁷
● Truth in Lending disclosures. See Truth in Lending.⁵⁸
● Hiding negative equity. See Truth in Lending §§ 5.3.2.2, 13.3.6.2.3;⁵⁹ Consumer Credit Regulation § 11.4.6.⁶⁰
● Vendor single interest insurance. See Unfair and Deceptive Acts and Practices § 7.2.5;⁶¹ Consumer Credit Regulation § 11.5.4.5.⁶²

Footnotes

40 {40} National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2.7.3 (9th ed. 2016), updated at www.nclc.org/library.
41 {41} National Consumer Law Center, Consumer Credit Regulation § 11.5.4.2 (3d ed. 2020), updated at www.nclc.org/library.
42 {42} National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2.5 (9th ed. 2016), updated at www.nclc.org/library.
43 {43} National Consumer Law Center, Consumer Credit Regulation § 11.5.4.3 (3d ed. 2020), updated at www.nclc.org/library.
44 {44} National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2.4 (9th ed. 2016), updated at www.nclc.org/library.
45 {45} National Consumer Law Center, Consumer Credit Regulation § 11.5.3 (3d ed. 2020), updated at www.nclc.org/library.
46 {46} National Consumer Law Center, Consumer Warranty Law Ch. 20 (6th ed. 2021), updated at www.nclc.org/library.
47 {47} National Consumer Law Center, Consumer Credit Regulation § 11.5.4.4 (3d ed. 2020), updated at www.nclc.org/library.
48 {48} National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2.7.4 (9th ed. 2016), updated at www.nclc.org/library.
49 {49} National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2 (9th ed. 2016), updated at www.nclc.org/library.
50 {50} National Consumer Law Center, Consumer Credit Regulation §§ 11.5.1, 11.5.2 (3d ed. 2020), updated at www.nclc.org/library.
51 {51} National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2.6 (9th ed. 2016), updated at www.nclc.org/library.
52 {52} National Consumer Law Center, Consumer Credit Regulation § 11.4.4 (3d ed. 2020), updated at www.nclc.org/library.
53 {53} National Consumer Law Center, Consumer Credit Regulation § 11.5.4.5 (3d ed. 2020), updated at www.nclc.org/library.
54 {54} National Consumer Law Center, Consumer Credit Regulation § 11.5.4.6 (3d ed. 2020), updated at www.nclc.org/library.
55 {55} National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2.3 (9th ed. 2016), updated at www.nclc.org/library.
56 {56} National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2.3.5 (9th ed. 2016), updated at www.nclc.org/library.
57 {57} National Consumer Law Center, Consumer Credit Regulation § 11.4, Appx. C (3d ed. 2020), updated at www.nclc.org/library.
58 {58} National Consumer Law Center, Truth in Lending (10th ed. 2019), updated at www.nclc.org/library.
59 {59} National Consumer Law Center, Truth in Lending §§ 5.3.2.2, 13.3.6.2.3 (10th ed. 2019), updated at www.nclc.org/library.
60 {60} National Consumer Law Center, Consumer Credit Regulation § 11.4.6 (3d ed. 2020), updated at www.nclc.org/library.
61 National Consumer Law Center, Unfair and Deceptive Acts and Practices § 7.2.5 (9th ed. 2016), updated at www.nclc.org/library.
62 National Consumer Law Center, Consumer Credit Regulation § 11.5.4.5 (3d ed. 2020), updated at www.nclc.org/library (discussing a wide range of credit insurance issues).