Originally posted by fire1811
The requirement to have full coverage is a "condition of the loan". Its something you agree too in your loan application. And its enforceable only by the Creditors actions. They by "contract law" can cancel your loan and call it in immediately if you do not keep and carry it. And then repo car and stick you with any negative balance when they sell it to settle the loan. You would be guilty of fraud if you agreed to it and did not carry it. And they periodicaly check to see if you have it.
Glad your mother is fine. Cars are cheap compared to Moms.



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