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California SB 1311 Re: Military Lending.pdf

AFSA-comment-letter-CA-SB-1311.pdf
Preview of California SB 1311 re: Military Lending
🔗 Source: afsaonline.org
📊 Size: 222 KB
📄 Pages: 2 pages
⬇️ Downloads: 64

Summary

The American Financial Services Association (AFSA) expresses serious concerns with Senate Bill 1311, which would void the security interest in a vehicle financed by a covered service member if the contract also funds credit insurance or a credit-related ancillary product. The bill would cut off service members' access to products that protect them from potential financial liability and create turmoil in the marketplace. The AFSA argues that the bill would upend the existing regulatory structure established by the Military Lending Act (MLA) and disrupt the state's credit markets, and instead suggests that AB 2311 may more directly address concerns regarding GAP waivers for service members.

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Description

The American Financial Services Association (AFSA) expresses serious concerns with Senate Bill 1311, which would void the security interest in a vehicle...

Technical Information

  • File Format: PDF
  • File Size: 222 KB
  • Pages: 2
  • Language: EN
  • Total Downloads: 64
  • Last Updated: 2 months ago

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