Alabama § 8-37A-3 Motor Vehicle Value Protection Agreements; Administration; Agreement to Be Provided

Alabama Statutes

§ 8-37A-3 — Motor Vehicle Value Protection Agreements; Administration; Agreement to Be Provided

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 37A Motor Vehicle Value Protection Agreements

(a)A motor vehicle value protection agreement may be offered, sold, or provided to a borrower or lessor under this chapter.

(b)A provider may use an administrator or other designee to be responsible for all or part of the administration of motor vehicle value protection agreements in compliance with this chapter. A provider may act as an administrator or retain the services of a third-party administrator.

(c)A motor vehicle value protection agreement shall not be sold unless the contract holder is provided a copy of the agreement.

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(a) A motor vehicle value protection agreement may be offered, sold, or provided to a borrower or lessor under this chapter.
(b) A provider may use an administrator or other designee to be responsible for all or part of the administration of motor vehicle value protection agreements in compliance with this chapter. A provider may act as an administrator or retain the services of a third-party administrator.
(c) A motor vehicle value protection agreement shall not be sold unless the contract holder is provided a copy of the agreement.

Alabama § 8-37A-3 (Motor Vehicle Value Protection Agreements; Administration; Agreement to Be Provided) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.