Auto Indirect

Auto Indirect covers laws that apply to consumer-purpose closed-end motor vehicle retail installment sale financing. The product addresses issues in a question/answer format, and includes questions on licensing, fee and payment limitations, disclosures, titling and security interests, recordkeeping, and collections. The responses are based on state statutes, regulations, and materials published by the regulating entity. The responses generally do not cover local or municipal ordinances. Auto Indirect does not address issues related to direct loans, transactions secured by real property and/or dwellings, title loans, pawn transactions, rental or rent-to-own transactions, or other transactions that do not involve motor vehicle secured retail installment sale financing.

In Auto Indirect, the term "creditor" applies to the dealer and to any subsequent assignee of a retail installment sale contract. When the law treats the dealer and assignee differently, we refer to the parties as "dealer" and "holder."

For a personal guided tour and trial, please contact Michael Willer at 614-855-0505 or by email at mwiller@counselorlibrary.com.

InstallmentLaw
A monthly, multi-faceted legal reporting service for legal compliance professionals and law firms in the consumer unsecured and personal property-secured lending industry interested in installment lending, student lending, payday lending, title lending, pawn transactions, prepaid cards, and open-end lines of credit, including credit cards.

For a demonstration and free trial of our latest legal reporter, please contact Mike Willer at (614) 855-0505. Click here for more info.