Matthew Nowels, Assistant Executive Director of GAPA, was quoted in an F&I Showroom article regarding the new GAP waiver law in South Carolina. South Carolina was one of five states in which GAPA successfully worked to pass its model act in 2015.
“While GAP waiver was authorized in South Carolina, there was not a substantive regulatory framework for companies to follow when offering the product,” Nowels offered. “GAPA worked with the South Carolina Department of Consumer Affairs in order to establish that framework, which provides clarity as to how the product may be offered.”
The F&I Showroom article can be found here.