Optional Products
You must send the application back for further approval when your backend is over this percentage
What is 20% of the clean trade value
Max percentage we will lend to any borrower on rebuilt units
What is 50%
True or False: TN requires all watercrafts to be titled
False
Two qualifying factors for a cash out on an auto
What is under 150k miles, 2014 or newer
Longest term available on Share Secured loans
What is 12 years or 144 months
We do not offer warranties on these units
What is Boats and RV's
Percentage off when purchasing a Repo
What is 2%
Titles from these two nearby states are held by the member
What is Kentucky and Missouri
POI is required in these three situations
What is 1st time borrowers, <680 Credit Score, and when requested by UW/LP
Max backend allowed by LP
What is $5,000
This protects members against financial loss if protected vehicle is stolen or declared a total loss
What is GAP - Guaranteed Asset Protection
Percentage that is added to the Qualified Rate on a Cash Out Auto Loan
What is 1.00%
Our titles are housed here
What is DealerTrack in Wilmington, OH
Monthly pmt options for Holiday Loan
What is $172/$1,500 or $118/$1,000
Minimum credit score to borrow on salvage titles
What is 680
These are the 3 Products that we offer on auto loans
What is GAP, Warranty and Debt Protection
Additional LTV allowed on Rapid Refi Deals
What is 10% LTV
We charge a title fee for these 2 types of loans
What is Cash out and Refinance (from another FI)
LP uses this NADA value on used autos
What is clean trade
Max monthly gross factor we will allow on Signature Loans for Super Tier borrowers
What is 3.0x their monthly income
Disability pays out a max of (months and dollar amount)
What is 24 months or $24,000
We use this rate sheet on 'other secured' loans
What is Motorcycle/ATV Rate Sheet
UCC stands for
What is Uniform Commerical Code
Minimum credit score LP will accept
What is 560
Two things that would cause a vehicle to not qualify for GAP
What is Salvage Title and Vehicle over 20 years old