Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 37 - Guaranteed Asset Protection Waivers.

Section 8-37-1 - (Effective January 1, 2018) Purpose; Applicability. - (a) The purpose of this chapter is to define guaranteed...

Section 8-37-2 - Definitions. - THIS SECTION WAS AMENDED BY ACT 2022-179 IN THE 2022...

Section 8-37-3 - (Effective January 1, 2018) Gap Waivers Authorized; Charges; Insurance; Creditor Requirements. - (a) GAP waivers may be offered, sold, or provided to...

Section 8-37-4 - (Effective January 1, 2018) Reimbursements; Coverage; Effect of Cancellation or Termination. - (a) A contractual liability or other insurance policy insuring a...

Section 8-37-5 - (Effective January 1, 2018) Disclosure Requirements. - Subject to Section 8-37-7, a creditor that offers a GAP...

Section 8-37-6 - Cancellation of Gap Waiver Agreements. - (a) Guaranteed asset protection waiver agreements shall be cancellable. GAP...

Section 8-37-7 - (Effective January 1, 2018) Lease or Retail Installments Sales. - Subsection (c) of Section 8-37-3 and Sections 8-37-5 and 8-37-8...

Section 8-37-8 - (Effective January 1, 2018) Enforcement. - (a) The Superintendent of Banks may take action which is...

Section 8-37-9 - (Effective January 1, 2018) Legislative Findings. - The Legislature finds that guaranteed asset protection waivers are not...

Section 8-37-10 - (Effective January 1, 2018) Applicability. - Creditors and other persons are not required to comply with...