December 10, 2021
When a car is totaled or stolen, the insurance payout may not be enough to cover the amount the person still owes on the auto loan. The difference between the payout and the amount of the loan is called the “gap.” Consumers can cover this gap by buying Guaranteed Asset Protection (GAP) products. This class action alleges that Nissan Motor Acceptance Company, LLC does not refund GAP coverage amounts when auto loans are paid off early.
Case Event File: Nissan Motor Acceptance Refunds of Unused GAP Waiver Fees ComplaintRelated to: Nissan Motor Acceptance Refunds of Unearned GAP Waiver Fees Class Action