You may be responsible for refunding the customer for aftermarket cancellation.
See what states require refunds
32 states require that a refund be provided in the event of cancellations of the GAP
- Alabama
- Arkansas
- Colorado
- Florida
- Georgia
- Indiana
- Iowa
- Louisiana
- Maine
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- North Carolina
- North Dakota
- Oregon
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
8 states that have placed an affirmative obligation regarding the refund on the creditor – the creditor must refund to the consumer the unearned fee or premium paid for GAP
- Alabama
- Colorado
- Indiana
- Iowa
- New Jersey
- North Dakota
- South Carolina
- Wisconsin
28
states require the service contract provider to issue a refund to the contract holder on the event of cancellation
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Florida
- Hawaii
- Idaho
- Illinois
- Iowa
- Louisiana
- Maine
- Maryland
- Minnesota
- Mississippi
- Missouri
- Nevada
- New Jersey
- New Mexico
- New York
- North Carolina
- Oklahoma
- South Carolina
- Texas
- Vermont
- Washington
- Wisconsin
- Wyoming
All 50 states require that the credit life insurer provide the refund.
Expedite the refund process and reduce compliance risk.
Information as of October 2020
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