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Oklahoma to Require Registration of “Administrators” of Motor Vehicle Debt Waivers & Value Protection Agreements

While it is not novel to see administrator registration requirements for vehicle service contracts or other vehicle protection products, Oklahoma recently enacted SB 541 which now requires the registration of debt waiver...more

Florida Amends GAP Law and Paves Way to Sell and Finance Innovative Ancillary Products

On May 6, 2024, Florida enacted SB 902, clearing the way for dealers to sell excess wear and use waivers on leases and vehicle value protection agreements. The bill, which will take effect on October 1, 2024, makes Florida...more

FTC’s Proposed Dealer Trade Rules Sets Sights on “Add-on” Product Sales

On July 13, 2022, the FTC’s proposed Motor Vehicle Dealers Trade Regulation Rule, was published in the Federal Register. The FTC’s stated purpose of the proposed rule is to “protect consumers and honest dealers by making the...more

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