An applicant, if married, may apply for a separate account. That means you don’t have to apply jointly with your spouse if you choose not to.
You must have physical damage insurance covering loss or damage to the vehicle for the term of the contract. For a lease, you must also have the liability insurance as described in the lease. You may purchase required insurance through any insurance agent or broker and from any insurance company that is reasonably acceptable to your lender. You are not required to deal with any of your lender’s affiliates when choosing an agent, broker or insurer. Your choice of a particular insurance agent, broker or insurer will not affect your lender’s credit decision, so long as the insurance provides adequate coverage with an insurer who meets its reasonable requirements.
If you are applying for a balloon payment contract, you are entitled, if you ask, to receive a written estimate of the monthly payment amount for refinancing the balloon payment in accord with the creditor’s existing refinance programs. You would be entitled to receive the estimate before you enter into a balloon payment contract. A balloon contract is an installment sales contract with a final scheduled payment that is at least twice the amount of one of the earlier scheduled equal periodic installment payments.
In connection with your application for credit, a consumer report may be obtained from a consumer reporting agency (credit bureau). If credit is extended, the party or parties extending credit or holding such credit (that is, your lender) may order additional consumer reports in connection with any update, renewal, or extension of the credit. If you ask, you will be told whether a consumer report was requested and, if so, the name and address of any consumer reporting agency (credit bureau) from which such credit report was obtained.
Ohio laws against discrimination require that all creditors make credit equally 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.
Consumer reports may be requested in connection with this application. The buyer has the right of free choice in selecting an insurer to provide insurance required in connection with this transaction subject to your lender’s reasonable approval in accordance with applicable law.
You authorize us 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 they may deem necessary or appropriate in evaluating your credit application. If your credit application is approved and credit is granted, you also authorize the parties granting credit 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 purpose.
No provision of any marital property agreement, any unilateral statement under Wis. Stat § 766.59 or any court decree under § 766.70 applied to marital property adversely affects your lender’s interest unless you furnish a copy of the agreement, statement, or court decree or the lender has actual knowledge of such adverse provision before credit is granted. If you are making this credit application individually and not jointly with your spouse, please make sure that you have provided employment and income information about yourself, not your spouse. Your non-applicant spouse should not sign the credit application if you are applying for individual credit.