Rule 2.59.124 - 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 bank 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 bank 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 2.59.119(1)(a).NEW, 2011 MAR p. 2801, Eff. 12/23/11.32-1-218, MCA; IMP, 32-1-429, MCA;