Federal Credit Insurance Disclosure

Posted By: bcompliance

Federal Credit Insurance Disclosure - 03/29/22 08:16 PM

Do banks in Michigan require this disclosure to be included in deals that come to the bank from indirect auto dealerships that sell credit/life/disability? If so do you require the form at application and one at closing (which is on the note)? I am being told no other banks in Michigan require this and dealers have never seen such a form. Wondering if there is a state specific law I am unaware of.