Prepayment and Charge-Off. Dealer’s share of finance charges, credit insurance premiums, service contracts and gap waiver policies received in cash at the time XxxXx purchases a contract, if any, is subject to refund in cash to the extent unearned in case of prepayment or charge-off.
Prepayment and Charge-Off. Dealer’s share of finance charges, credit insurance premiums, service contracts and GAP waiver policies received in cash at the time PCI purchases a contract, if any, is subject to refund in cash to the extent unearned in case of prepayment or charge-off. Service contracts (warranties) will rebate pursuant to the Rule of 78s, or other rebate formulas determined by the warranty company.