February 27th, 2024 Release

General Notice:

This update release is scheduled to occur on the morning of February 27th, 2024.

Forms

Forms | F11550-AR Explanation of Calc of Surplus/Def - Affects AR Locations with a Buyer in AR

The F11550-AR Explanation of Calc of Surplus/Def letter was updated so that the Sale of the Collateral matches in the highlighted areas shown below:

F11100-AA Right to Cure Repo Noticed - affects ALL Locations using LOB

F11100-SC Right to Cure Repo Noticed - affects SC Locations using LOB

F11100-IL Right to Cure Repo Noticed - affects IL Locations using LOB

F11100-CA Right to Cure Repo Noticed - affects CA Locations using LOB

F11100-MI Right to Cure Repo Noticed - affects MI Locations using LOB

F11100-NH Right to Cure Repo Noticed - affects NH Locations using LOB

F11100-WV Right to Cure Repo Noticed - affects WV Locations using LOB

F11100-NE Right to Cure Repo Noticed - affects NE Locations using LOB

F11100-RI Right to Cure Repo Noticed - affects RI Locations using LOB

F11100-MA Right to Cure Repo Noticed - affects MA Locations using LOB

The following language was added to these F11100 right to cure repo notices: ATTENTION: If you are a servicemember on active duty, you may be entitled to protections under the federal Servicemembers Civil Relief Act (“SCRA”) and similar state laws. Among other benefits and protections, the SCRA may prohibit the repossession of your motor vehicle without a court order.

Change Advisory Board Meeting 02/23/2024

Attendance

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