Q: Can a bank cancel my gap insurance because they mess up on my loan?
apparently they do not offer gap insurance on the type/length of loan we have. But we sign paperwork stating they will cover it 2 months ago.
A: There may be language in the GAP contract allowing them to back out. Obviously you should get your money back for the contract. If it was part of your finance contract, you may want to request a new breakdown of costs because the Truth in Lending Act requires them to provide perfectly accurate financial information. Again, I urge you to read the contract to see exactly what they are permitted to do.
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