Contract Recoveries
A simplified, compliant approach for lenders to process contract cancellations and ensure accurate recoveries that benefit the consumer.
Process Efficiently
One interface consolidates numerous provider recovery processes to efficiently and accurately deliver .
Increase Compliance
Minimize your risk of state compliance fines while expediting refunds to meet recovery deadlines.
Enhance Reputation
Provide consumers the timely and accurate refunds they deserve and protect your dealer relationships.
GET TO KNOW THE SOLUTION
CONTRACT RECOVERIES
2.2M
Projected vehicles repossessed in 2021.
*Titleloanser.com, Car Repossession Statistics, 2021
$4B
Cancellation refunds may amount to.
*Using Dealertrack and F&I Express 2019 transaction data, cancellation refunds may theoretically amount to, or even exceed, a $4B/yr industry
500+
Active aftermarket product providers.
*Internal F&I Express Data
41
states require that a refund be provided in the event of cancellation of a Vehicle Service Contract (VSC) OR GAP waiver contract.
*Based on state laws. States that require refund for Vehicle Service Contracts: AL, AK, AZ, AR, CA, FL, HI, ID, IL, IN, LA, ME, MD, MN, MS, MO, NV, NJ, NM, NY, OK, SC, TX, VT, WA, WI, WY. States that require refund for GAP : AL, AR, CO, FL, GA, IN, IA, LA, ME, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NC, ND, OR, RI, SC, TN, TX, UT, VT, VI, WA, WV, WI, WY.
Aftermarket State Regulations
CONSIDER DIGITAL CONTRACTING
Streamline review and funding in ways that best support your business operations and dealer service.
ADDITIONAL RESOURCES
GET STARTED WITH CONTRACT RECOVERIES
Set a 1:1 strategy discussion about developing an accurate
and compliant aftermarket cancellation refund process.
