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The FLA announces car finance agreement

The Finance and Leasing Association (FLA) has announced a new agreement between the car finance market and the Motor Insurance Bureau (MIB).

The Finance and Leasing Association (FLA) has announced a new agreement between the car finance market and the Motor Insurance Bureau (MIB). The new partnership will allow car finance companies to check the MIB database to check that the customer applying for finance already has insurance on the vehicle.

The move is set to help keep the roads a safer place and see car finance deals become even more secure. 2011 is turning out to be the year of new regulations and rules – what else is in store over the coming months?
 

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