Requirements for vehicle financial protection products. (Effective January 1, 2027)

January 1, 2027) (1) Notwithstanding any other law to the contrary, any amount charged or financed for a vehicle financial protection product: (a) Is an authorized charge that shall be separately stated; and (b) Shall not be considered a finance charge or interest. (2) (a) An extension of credit, the terms of a loan, or the terms of a related vehicle sale or lease shall not be conditioned upon a consumer's payment for, or financing of, any charge for a vehicle financial protection product. (b) A vehicle financial protection product may be discounted or given at no charge in connection with the purchase of other noncredit-related goods or services.