129 unchanged sentences
Consumers are obligated to make payments on the Consumer Loan directly to us, and any failure to make such payments will result in our pursuing payment through collection efforts.
−Removed: All Consumer Loans submitted to us for assignment are processed through our Credit Approval Processing System (“CAPS”).
−Removed: CAPS allows Dealers to input a consumer’s credit application and view the response from us via the internet.
−Removed: CAPS allows Dealers to:
+Added: Consumer Loans submitted to us for assignment are processed either through our Credit Approval Processing System (“CAPS”) or via an integration we have with aggregators used by Dealers to submit credit application information to various finance sources.
+Added: Each of these processes allow Dealers to submit a consumer's credit application to us and receive a response.
+Added: Each process allows Dealers to:
(1) receive a quick approval from us;
44 unchanged sentences
• The collection system, which assigns Consumer Loans to representatives through a predictive dialer and records all collection activity, including:
−Removed: • details of past phone conversations with the consumer;
+Added: • details of phone conversations with the consumer;
• collection letters sent;
21 unchanged sentences
Our agreement with one of our TPPs allows us to receive profit sharing payments depending on the performance of the vehicle service contracts.
−Removed: Our wholly owned subsidiary VSC Re Company (“VSC Re”) is engaged in the business of reinsuring coverage under vehicle service contracts sold to consumers by Dealers on vehicles financed by us.
+Added: Our wholly owned subsidiary VSC Re Company (“VSC Re”) is engaged in the business of reinsuring coverage under vehicle service contracts sold to consumers by Dealers on vehicles indirectly financed by us.
VSC Re currently reinsures vehicle service contracts that are offered through one of our TPPs.
27 unchanged sentences
Texas 281.2 7.3 % 1,377 8.7 %
−Removed: New Jersey 303.5 6.6 % 386 2.5 %
Ohio 241.1 6.3 % 1,062 6.7 %
+Added: New Jersey 244.9 6.4 % 397 2.5 %
Florida 168.2 4.4 % 924 5.9 %
6 unchanged sentences
Texas 327.9 7.1 % 1,295 8.4 %
−Removed: Ohio 245.2 5.9 % 986 7.0 %
New Jersey 303.5 6.6 % 386 2.5 %
−Removed: Tennessee 216.0 5.2 % 569 4.0 %
+Added: Ohio 269.5 5.8 % 1,024 6.6 %
+Added: Florida 233.7 5.1 % 873 5.6 %
All other states 3,111.4 67.3 % 11,024 71.3 %
4 unchanged sentences
Michigan $ 326.3 7.9 % 833 5.9 %
−Removed: New York 229.8 6.3 % 687 5.8 %
−Removed: Ohio 205.7 5.7 % 832 7.0 %
Texas 272.5 6.6 % 1,170 8.3 %
+Added: Ohio 245.2 5.9 % 986 7.0 %
New Jersey 238.2 5.7 % 357 2.5 %
+Added: Tennessee 216.0 5.2 % 569 4.0 %
All other states 2,849.6 68.7 % 10,259 72.3 %
32 unchanged sentences
Regulatory matters to which we are a party include the following matters, in each case the eventual scope, duration, and outcome of which we cannot predict at this time.
−Removed: • On December 1, 2021, we received a subpoena from the Office of the Attorney General for the State of California seeking documents and information regarding GAP products, GAP product administration, and refunds.
• On May 7, 2019, we received a subpoena from the Consumer Frauds and Protection Bureau of the Office of the New York State Attorney General, relating to the Company’s origination and collection policies and procedures in the state of New York.
19 unchanged sentences
The Company intends to vigorously defend itself in this matter.
+Added: On April 24, 2025, the Bureau filed an unopposed motion to withdraw as plaintiff, and on April 29, 2025, the court granted that motion and ordered that the Bureau is no longer a plaintiff in the litigation.
+Added: In September 2025, we made an offer to jointly settle this matter and the multi-state matter discussed below on terms that included, among other things, a proposed cash payment of $45.0 million.
+Added: In January 2026, we reached preliminary alignment with representatives of the agencies involved in this matter and the multi-state matter discussed below on certain material terms of a potential settlement of those legal matters, including a potential cash payment by us of $75.5 million.
+Added: Discussions with respect to resolution of those matters are ongoing.
• On March 18, 2016, we received a subpoena from the Attorney General of the State of Maryland, relating to the Company’s repossession and sale policies and procedures in the state of Maryland.
2 unchanged sentences
Also on August 11, 2020, we received from the Attorney General of the State of New Jersey a subpoena that is essentially identical to the August 11, 2020 Maryland subpoena, both as to substance and as to the jurisdictions identified.
−Removed: The Company has been informed that the State of Kansas, the State of Texas, and the State of Iowa have withdrawn from the multistate investigation.
+Added: The Company has been informed that the State of Kansas, the State of Texas, and the State of Iowa have withdrawn from the multi-state investigation.
+Added: In September 2025, we made an offer to jointly settle this matter and the New York Attorney General matter discussed above on terms that included, among other things, a proposed cash payment of $45.0 million.
+Added: In January 2026, we reached preliminary alignment with representatives of the agencies involved in this matter and the New York Attorney General matter discussed above on certain material terms of a potential settlement of those legal matters, including a potential cash payment by us of $75.5 million.
+Added: Discussions with respect to resolution of those matters are ongoing.
In addition, governmental regulations that would deplete the supply of used vehicles, such as environmental protection regulations governing emissions or fuel consumption, could have a material adverse effect on us.
42 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.