Regulatory Subcommittee on Vehicle Value Protection Plans
regulatory subcommittee of regulated industries
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Jan 29, 2026 at 08:30 AM
Meeting Information
This meeting of the regulatory subcommittee of regulated industries focused on House Bill 504, which aims to regulate vehicle value protection plans and enhance consumer protections in Georgia.
Meeting Summary
House Bill 504 and Enhanced Consumer Protections
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House Bill 504 (LC394837S) was introduced to regulate vehicle value protection plans available to Georgia consumers, building on previous legislative efforts. [Video 04:05] [Video 04:47]
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The bill includes new consumer protection amendments, specifically strengthening disclosure requirements, guaranteeing a cancellation window, requiring financial backing for claims, and granting enforcement power to the Office of Consumer Protection. [Video 05:06] [Video 05:45]
Industry Support for Vehicle Value Protection Legislation
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Travis Moore, General Counsel for the Guaranteed Asset Protection Alliance (GAAPA), expressed support for HB 504, noting it expands the existing model for vehicle financial protection products in Georgia. [Video 07:22] [Video 08:19]
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Crystal Bullard of Shortfall Cover indicated her company's interest in offering depreciational protection products in Georgia under HB 504, citing their operations in several other states. [Video 08:57] [Video 09:22]
Committee Action on HB 504
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The committee entertained a motion and voted in favor of the passage of House Bill 504. [Video 10:28] [Video 10:39]
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on Jan 29, 2026
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