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Dealer Financing

The MVDA contains additional requirements for dealers to ensure a customer receives the proper disclosures required by the CPA. For example, if a registered motor vehicle dealer enters into a contract for the sale of a motor vehicle with a buyer and provides financing for the purchase or the application for the financing to the buyer, the selling dealer shall use best efforts to ensure the terms of the credit agreement between the buyer and the person providing the financing do not vary from the information the dealer has provided to the buyer on the bill of sale or lease agreement.