Proteris Compliance Solutions provides compliance services related to the sale and financing of finance and insurance (F&I) products in the automotive, marine, and powersport industries. We review consumer contracts for guaranteed asset protection (GAP), vehicle service contracts (VSCs), prepaid maintenance plans (PPM), tire and wheel protection (T&W), key replacement, excess wear and use waivers (EWU), appearance protection, and theft protection. We review consumer contracts on behalf of lenders to ensure compliance with applicable minimum business requirements (MBRs) as well as applicable laws in all 50 states and Washington, D.C.
In addition to reviewing consumer contracts on behalf of lenders, we offer services such as creating or updating minimum business requirements for lenders, consolidating consumer forms for providers, and custom solutions requested by either lenders or providers.
Our team includes attorneys and compliance professionals with experience working on legal teams, compliance teams, and product teams for each of the protection products that we review. We leverage our relationships with regulators to provide comments and recommendations for contractual language in line with regulatory requirements and expectations. We use our industry experience and knowledge to provide information about current standards and trends.
