Keep VPP dealer receivables under control.
The timeframe requirements for consumer lenders to refund voluntary protection product (VPP) cancellations vary by state. In general, refunds are owed to consumers within 30 to 90 days from the date of cancellation. With Refund Control™, you can:
- Refund customers at any time without losing visibility of your dealer receivables
- Track any debits or credits in the event of an overage due to a dealer (in the case of dealer reserve)
- Retain proof of how you made the consumer whole
Contact us today for more help becoming exam-ready and get a demo of Refund Control™, the all-in-one solution for compliant voluntary protection product cancellations.