Auto Loans & Insurance
This type of insurance is required on all collateralized vehicle loans and must include both comprehensive and collision.
What is full coverage insurance?
Langley’s auto lending footprint includes Virginia and six other states, including this one.
What is West Virginia?
Members under this credit score can't open a My Design checking account
What is a 600?
This is the required opening deposit for a Savings account.
What is $5?
Cash advances and balance transfers cannot exceed this percent of the total credit limit.
What is 50%?
Langley will add this type of insurance to a member’s loan if their full coverage lapses.
Collateral Protection Insurance (CPI)
Members buying outside the lending footprint must buy from this type of dealership.
franchise dealership
this notice must be given to anyone denied a checking account.
What is a Notice of Adverse Action?
Dividends on savings are calculated using this balance method.
What is the average daily balance?
At 20 days past due, this happens to a member’s credit card access.
What is it is frozen (credit access paused)?
This deductible amount is the maximum allowed for full coverage insurance.
What is $1,000?
Members may still buy out-of-state from this online retailer
What is Carvana or CarMax
this service allows recurring electronic withdrawals.
What is a pre-authorized/ACH debit?
Savings and Money Market accounts can be linked for this checking-related feature.
What is Overdraw Transfers?
At 60 days past due, the credit card is permanently this.
What is closed?
These two vehicle valuation guides must be used to determine collateral value.
What are JD Power and Kelly Blue Book?
Fraudulent purchases from unverified dealerships are referred to as this
What is a false auto purchase?
All Langley debit cards support this instant digital replacement feature.
What is Digital Card Issuance?
If a savings account closes before dividends post, these are forfeited.
What are accrued dividends?
Credit limit increases must be made in these increments.
What are increments of $100?
Members may defer their first vehicle payment for up to this many days.
What is 60 days?
Consignment, POA, trust, or international vehicle purchases require approval from one of these two groups.
What is management or underwriting?
This type of checking account cannot be converted to another share type.
What is the Spend Account?
These premium savings accounts offer high earning potential.
What are Money Market Savings and High Yield Savings?
This card offers Langley’s lowest interest rate and requires a 640+ score.
What is the Platinum Select Visa?