Rule 2.59.414 - GUARANTEED ASSET PROTECTION (GAP) FEATURE(1) A GAP waiver or agreement is a type of debt cancellation contract. A debt cancellation contract with a GAP feature offered in connection with an extension of credit for the purchase of titled personal property for personal, family, or household use is a single product. A credit union offering a debt cancellation contract with a GAP feature may do so through nonexclusive, unaffiliated agents such as automobile dealers. The fee arrangement between a credit union and a nonexclusive, unaffiliated agent through which the debt cancellation product is offered does not create a separate contract that violates the anti-tying provision of ARM 2.59.409(1)(a).NEW, 2011 MAR p. 2816, Eff. 12/23/11.32-3-201, MCA; IMP, 32-3-609, MCA;