Mechanical Breakdown Service Agreement Sample Contracts
Re: Mechanical Breakdown Services Your letter dated May 21,1997.Mechanical Breakdown Service Agreement • May 5th, 2020
Members First Federal Credit Union (the FCU) would like to market a mechanical breakdown service agreement to its members. You have asked whether the FCU may add $125 to the cost of each agreement and, from that amount, retain $100 for the FCU and pay $25 as an incentive to the loan department employee who sold the agreement. You correctly noted in your letter that the answer depends on whether the agreement is insurance or a group purchasing plan.