Category Archives: Truth in Lending Coverage

Why do Auto Dealers Purchase Limited Truth in Lending Coverage?

Posted on December 9, 2015 by Gregory Johnson

By Greg Johnson. Why do dealerships keep purchasing statutory errors and omissions coverage that is not likely to protect the dealership if it is sued by a customer for truth in lending violations? I’ve been handling dealership insurance coverage disputes … Continue reading →

Posted in ADCF Policy, Auto Dealer, Truth in Lending Act, Truth in Lending Coverage | Tagged , , , , | Leave a comment

Protecting the Dealership’s “Front-End” and “Back-End”: What Does that Mean?

Posted on November 5, 2015 by Gregory Johnson

By Greg Johnson. Everyone in the retail automobile industry is familiar with the terms “front-end” and “back-end.” They represent two sources of potential revenue (and, hopefully, profit) for auto dealerships: The “front-end” refers to revenue realized on the sale of … Continue reading →

Posted in ADCF Policy, Auto Dealer, Coverage, Duty to Defend, Duty to Indemnify, Truth in Lending Coverage | Tagged , , , , , , , | Leave a comment

Speaking at Automotive Dealer Subprime Sales Success Workshop on April 7-8th in Atlanta, Georgia.

Posted on March 7, 2015 by Gregory Johnson

I will be a speaker at the Automotive Dealer Subprime Sales Success workshop on April 7-8th in Atlanta, Georgia. I will be speaking on two related topics.  First, about F&I compliance and class action litigation issues (spot delivery, acquisition fees, … Continue reading →

Posted in ADCF Policy, Auto Dealer, Coverage, Indirect Financing, Regulatory Compliance, Truth in Lending Act, Truth in Lending Coverage | Tagged , , , , , , , , | Leave a comment

The Auto Dealer Liability Policy: Analyzing Coverage for Statutory Acts, Errors or Omissions Claims (TILA, CLA, FCRA, ECOA, FTC, GLB, CFA & UDTPA)

Posted on October 7, 2014 by Gregory Johnson

By Greg Johnson. In previous posts, I’ve discussed the new Auto Dealers Coverage Form (“ADCF”) policy which ISO developed to replace the Garage Liability Policy in late 2013. Prior blog articles include: The Comprehensive Guide to the 2013 Auto Dealer’s … Continue reading →

Posted in ADCF Policy, Auto Dealer, Consumer Leasing Act, Errors & Omissions, Truth in Lending Coverage | Tagged , , | Leave a comment

Auto Dealer’s Coverage Form: the Difference between “Occurrence” and “Claims-Made” Coverage for Violations of Consumer Protection Laws

Posted on August 29, 2014 by Gregory Johnson

By Greg Johnson. In previous posts, I’ve discussed the new Auto Dealers Coverage Form (“ADCF”) policy (“The Comprehensive Guide to the 2013 Auto Dealer’s Coverage Form”), which replaced the Garage Liability form in 2013. One of the most significant coverages … Continue reading →

Posted in ADCF Policy, Auto Dealer, Truth in Lending Coverage | 1 Comment

Should an Auto Dealer Insurer Defend an Auto Dealer Against “Intentional” Violations of Credit Sale and Leasing Disclosure Laws?

Posted on August 24, 2014 by Gregory Johnson

Introduction By Greg Johnson. Having worked in the consumer finance and insurance coverage arenas for over twenty years, I have frequently been asked whether an auto dealer’s “intentional” or “wilful” violation of a statutory disclosure law, such as the federal … Continue reading →

Posted in ADCF Policy, Auto Dealer, Bad Faith, Consumer Leasing Act, Directors & Officer's Liability, Duty to Defend, Duty to Indemnify, Errors & Omissions, Expected Injury Exclusion, Fraud Exclusions, Intentional Injury Exclusion, Professional Liability, Truth in Lending Coverage | Leave a comment