Application Disclosure and Agreement
The words "you", "your" and y"ours" mean each person
submitting this application and any non-Applicant spouse
whose information is provided if the Applicant resides
in a community property state or the vehicle may be located
in a community property state. The words "we", "us", "our"
and "ours" as used below refer to us, the dealer, and to
the financial institutions selected to receive your application
to which we may assign your contract and whose names and
addresses we have disclosed to you.
You authorize us to submit this application and any
other application submitted in connection with the proposed
transaction to the above-referenced financial institutions.
This application will be reviewed by such financial institutions
on behalf of themselves and us the dealer. In addition,
as permitted under the Fair Credit Reporting Act, you authorize
such financial institutions to disclose information about
you or submit your applications to other financial institutions
for the purpose of evaluating your request for credit.
You agree that we may obtain a consumer credit report
periodically from one or more consumer reporting agencies
(credit bureaus) in connection with the proposed transaction
and any update, renewal, refinancing, modification or extension
of that transaction. You also agree that we or any affiliate
of ours may obtain one or more consumer credit reports
on you at any time whatsoever. If you ask, you will be
told whether a credit report was requested, and if so,
the name and address of any credit bureau from which we
or our affiliate obtained your credit report.
You agree that we may verify your employment, pay, assets
and debts, and that anyone receiving a copy of this is
authorized to provide us with such information. You further
authorize us to gather whatever credit and employment history
we consider necessary and appropriate in evaluating this
application and any other applications submitted in connection
with the proposed transaction.
Other Income disclosure:
“Alimony, Child support or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation”.
We may keep this application and any other application
submitted to us, and information about you whether or not
the application is approved. You certify that all of the
information on this application and in any other application
submitted to us, is true and complete. You understand that
false statements may subject you to criminal penalties.
You also understand that each dealer and financial institution
will rely on the information on this application in making
its decision on your application.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A
To help the government fight the funding of terrorism and
money laundering activities, Federal law requires all financial
institutions to obtain, verify, and record information
that identifies each person who opens an account. What
this means for you: When you open an account, we will ask
for your name, address, date of birth, and other information
that will allow us to identify you. We may also ask to
see your driver's license or other identifying documents.
California Residents: An applicant, if married, may
apply for a separate account.
Balloon contract is an installment sale contract
with a scheduled final payment that is at least twice the
amount of the one of the earlier scheduled equal periodic
New York Residents: In connection with your application
for credit, we may request a consumer report from a consumer
reporting agency (credit bureau), which contains information
on your credit worthiness, credit standing, personal characteristics
and general reputation. If we grant you credit, we or the
person(s) extending credit or holding such credit account
may order additional consumer reports in connection with
any update, renewal or extension of the credit. If you
ask, you will be told whether we requested a consumer report
and if we did, we will tell you the name and address of
the consumer reporting agency that gave us the report.
Ohio Residents: Ohio laws against discrimination require
that all creditors make credit equality available to all
creditworthy customers and that credit reporting agencies
maintain separate credit histories on each individual upon
request. The Ohio Civil Rights Commission administers compliance
with this law.
Vermont Residents: You authorize dealer and any financial
institution with which this credit application is shared,
and each of their respective employees or agents to obtain
and verify information about you (including one or more
credit reports, information about your employment and banking
and credit relationships) that we or they may deem necessary
or appropriate in evaluating your credit application. If
your application is approved and the credit is granted,
you also authorize the parties granting credit and/or holding
your account and their respective employees and agents,
to obtain additional credit reports and other information
about you in connection with reviewing the account, increasing
the available credit on the account (if applicable), taking
collection on the account, or for any other legitimate
Married Wisconsin Residents: Wisconsin law provides
that no provision of any marital property agreement, or
unilateral statement, or court order applied to marital
property will adversely affect a creditor's interests unless,
prior to the time that the credit is granted, the creditor
is furnished with a copy of the agreement, statement or
decree, or has actual knowledge of the adverse provision.
If you are making this application individually, and not
jointly with your spouse, the full name and current address
of your spouse must be properly disclosed in the co-applicant
section of this application.