“Guaranteed Asset Protection” (GAP) coverage can provide a benefit to members and to credit unions, but it is often misunderstood – even by those selling it.  Because of that, exactly what it is and who promises what is often misrepresented to consumers both when it is sold and when claims are made.  That can lead to trouble.  What’s more, many credit unions who have financed GAP would be surprised to find they are missing crucial contract documents.  

Management, lenders and collectors who attend this session will learn exactly what GAP coverage is and what it isn’t, who promises what to whom, where your credit union’s risks lie, and what needs to be done to protect you and your members.