From Automotive News
Changes to the Military Lending Act (MLA) block military members from buying Guaranteed Asset Protection or GAP insurance from dealers. The change is causing a hardship for military members who total their vehicles and now owe thousands of dollars to pay off their loans.
Auto insurance covers the actual value of a vehicle, but since vehicles depreciate, the value is often less than a loan balance. GAP insurance plans cover the difference. However, to comply with the MLA, most dealers no longer offer service members GAP, and many lenders haven’t been able to finance it.
Read more at Automotive News