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Get Gap Waiver Form
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How to fill out the Gap Waiver Form online
The Gap Waiver Form is essential for borrowers seeking to understand their responsibilities regarding any deficiency balance related to their loan or lease. This guide provides step-by-step instructions on how to complete the form online effectively and accurately.
Follow the steps to fill out the Gap Waiver Form online
- Click ‘Get Form’ button to access the Gap Waiver Form and open it in your chosen editor.
- Enter the date at the top of the form to indicate when you are submitting it.
- Fill in the seller or lienholder's name to identify the entity providing the loan or lease.
- Provide the borrower's or lessee's name and address to ensure proper identification.
- List the loan officer's name if applicable, which helps in referencing your application.
- Input your account or loan number for accurate processing of your form.
- Fill in the vehicle's year, make, and model to confirm the subject of the loan or lease.
- Include the vehicle identification number (VIN) for precise identification of the vehicle.
- State the term of the loan or lease in months to indicate the duration.
- Enter the loan or lease date to track when the agreement commenced.
- Check the box indicating whether you elect the Gap Waiver and ensure to understand its implications by reading the provided indemnity statement.
- Sign and date the form at the designated signature fields to validate your submission.
- If you opt out of the Gap Waiver, check the appropriate box, sign, and date in the provided areas.
- Attach any required documentation, ensuring that all necessary details accompany your submission.
- Once all sections are completed, save your changes, and choose to download, print, or share the completed form.
Take the next step and complete your Gap Waiver Form online today.
In short, debt cancellation agreements (sometimes referred to as “Gap”) are contracts that cover the difference - or the gap - between what your new vehicle is actually worth and the amount you still owe on it.
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