Common use of Extended Warranty Plans Clause in Contracts

Extended Warranty Plans. To the extent that the Borrower allows a Dealer to finance so-called “extended warranty plans,” the Borrower shall ensure that (i) the cost of such plans are disclosed to the Contract Debtors and such plans are in compliance with all applicable consumer credit laws, including any and all special insurance laws relating thereto and (ii) such plans are underwritten by (x) a major automobile manufacturer or an Affiliate thereof, or (y) an independent and financially sound insurance company.

Extended Warranty Plans. To the extent that the Borrower allows a Dealer to finance so-called “"extended warranty plans,” " the Borrower shall ensure that (i) the cost of such plans are disclosed to the Contract Debtors and such plans are in compliance with all applicable consumer credit laws, including any and all special insurance laws relating thereto and (ii) such plans are underwritten by (x) a major automobile manufacturer or an Affiliate thereof, or (y) an independent and financially sound insurance company.