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Get Statement Of Reasons 2009-2024

E following constitutes the reasons for this bill and the purposes which are sought to be accomplished thereby: LB 571 addresses the issue of a Guaranteed Asset Protection Waiver. A Guaranteed Asset Protection Waiver is a product that the purchaser of an automobile may purchase that waives any debt by the lender if certain events happen such as an auto accident. Under current law if this product is provided by a bank it is not considered to be insurance, if it is sold by any other entity it is c.

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