Guaranteed asset protection waiver means that term as defined in section 3 of the guaranteed asset protection waiver act.

Guaranteed asset protection waiver means a contractual agreement in which a creditor agrees for a separate charge to cancel or waive all or part of amounts due on a borrower's finance agreement in the event of a total physical damage loss or unrecovered theft of a motor vehicle.

Guaranteed asset protection waiver means a contractual agreement in which a creditor agrees for a separate charge to cancel or waive all or part of amounts due on a borrower's finance agreement if there is a total physical damage loss or unrecovered theft of the motor vehicle, which agreement must be part of, or a separate addendum to, the finance agreement.

Examples of Guaranteed asset protection waiver in a sentence

Excess wear and use waivers may also cancel or waive amounts due20 for excess mileage;21 (6) "Guaranteed asset protection waiver", a contractual agreement in which a22 creditor agrees, with or without a separate charge, to cancel or waive all or part of23 amounts due on a borrower's finance agreement in the event of a total physical damage24 loss or unrecovered theft of the motor vehicle, which agreement shall be part of, or a25 separate addendum to, the finance agreement.
Excess wear and use waivers may also cancel or waive amounts due19 for excess mileage;20 (6) "Guaranteed asset protection waiver", a contractual agreement in which a21 creditor agrees, with or without a separate charge, to cancel or waive all or part of22 amounts due on a borrower's finance agreement in the event of a total physical damage23 loss or unrecovered theft of the motor vehicle, which agreement shall be part of, or a24 separate addendum to, the finance agreement.

More Definitions of Guaranteed asset protection waiver

Guaranteed asset protection waiver or "GAP waiver" means a contractual agreement wherein a

Guaranteed asset protection waiver or "waiver" means a

Guaranteed asset protection waiver or "waiver" means a contractual agreement in which a creditor agrees for a separate charge to cancel or waive all or part of the amount due on a borrower's finance agreement for a motor vehicle in the event of a total physical damage loss or unrecovered theft of the motor vehicle. The waiver must be part of or a separate addendum to the finance agreement. [PL 2017, c. 475, Pt. A, §13 (RPR).]

Guaranteed asset protection waiver or “GAP waiver” means a contractual agreement wherein a creditor agrees for a separate charge to cancel or waive all or part of the amount due on a borrower’s finance agreement in the event of a total physical damage loss or unrecovered theft of the motor vehicle, which agreement shall be part of, or a separate addendum to, the finance agreement.

Guaranteed asset protection waiver means a contractual obligation under which a creditor agrees, for a separate charge, to cancel or waive all or part of amounts due on a borrower’s finance agreement in the event of a total physical damage loss or unrecov- ered theft of the motor vehicle specified in the finance agreement.

Guaranteed asset protection waiver means a contractual

Guaranteed asset protection waiver means a contractual agreement in which a