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Authorization for Scheduled Payments and any Late/Returned Payment Fees

You authorize and direct GM Financial (which includes for purposes of this Authorization, our successors, service providers and assigns) to initiate electronic debits to the deposit account specified above or any substitute deposit account that you may later supply to GM Financial (the “Deposit Account”) in the amounts and on or after the dates specified in the payment schedule of the Motor Vehicle Contract identified above (the “Contract”) via the ACH or similar network. You further authorize and direct GM Financial to initiate electronic debits to the Deposit Account in the amount of any returned payment or late fee that comes due under the Contract on or after the date it becomes due via the ACH or similar network.

Returned Electronic Debits

In the event that any electronic debit GM Financial initiates is returned unpaid, you authorize and direct GM Financial to reinitiate it one time as permitted by network rules. You understand that your bank may impose fees in connection with electronic debits that are returned unpaid, and you agree that GM Financial does not have any liability to you for such fees.

Notice of Varying Amounts

You understand that you have the right to receive written notice if the amount of any electronic debit GM Financial initiates will vary from amount specified in the Contract's payment schedule. To exercise this right, you must send a written request to GM Financial at GM Financial, Attn: APP Dept, P.O. Box 183621, Arlington, TX 76096-3621. Unless you exercise this right, you authorize GM Financial to vary the amount of an electronic debit authorized above, without notice, so long as the electronic debit will not vary by more than 25% from the amount specified in the payment schedule of the Contract.

Termination; Right to Revoke

This Automatic Payment Plan Authorization (the "Authorization") will remain in full force and effect until: (1) you revoke it; (2) all payments specified in the Contract's payment schedule have been made and any associated late fees have been collected; (3) an electronic debit authorized above is returned unpaid two times; (4) you file for bankruptcy; or (5) we notify you that we are terminating the Automatic Payment Plan. To revoke this Authorization, call GM Financial at 1-800-284-2271 in such time and manner so as to afford GM Financial and your depository institution a reasonable opportunity (typically ten business days) to act on your revocation request. If you revoke this Authorization, you will need to make your scheduled payments by some other method.

Error Correction

In the event that GM Financial makes an error in initiating any electronic debit, you authorize GM Financial to correct the error by initiating an electronic debit or credit, as applicable, to the Deposit Account in the amount of the error on or after the date any such error occurs.

Delay in Setting up Electronic Debits

You understand that it may take GM Financial up to ten days after receipt of this Authorization to begin initiating electronic debits for your scheduled payments. You are responsible for making such payments by other means until you receive a letter or a statement message confirming that we will initiate electronic debits to the Deposit Account for your scheduled payments.

Miscellaneous

You certify that you are an authorized signor on the Deposit Account.

 

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