By Your signature below, you acknowledge that:
1. You understand that you have an unequivocal right to cancel the GAP Agreement at any time. If you cancel the GAP Agreement within sixty (60) days of the date of purchase, then you will receive a full refund of the GAP Agreement purchase price. If you cancel the GAP Agreement after sixty (60) days of the date of purchase, then the refund will be prorated based on the number of elapsed months since the GAP Agreement purchase date;
2.The requested cancellation date and the reason for the cancellation are shown above;
3.You understand that this form must be submitted to the Administrator identified below within thirty (30) days of the requested cancellation date;
4.You understand that any refund payment made to the lien holder will be deducted from the finance agreement's principal balance and that any such deduction may not reduce your monthly payment;
5.You understand that in the event of a total loss of your vehicle after the GAP Agreement has been cancelled, you will be solely responsible for Payment of the finance agreement's outstanding balance including any difference between the finance agreement's outstanding balance and any settlement payment made by your primary insurance carrier, as well as payment of a deductible, if applicable, and
I acknowledge that I have read and fully understand the terms and conditions of cancellation described herein. I understand that the GAP Agreement described above terminates once I sign and date this form. I hereby terminate the GAP Agreement as of the requested date of the cancellation above.