Common use of Lending Activities Clause in Contracts

Lending Activities. (a) All Vehicle Loans and all advertising, origination and servicing activities, procedures and materials with regard to all Vehicle Loans or accounts made, created, acquired, assumed, collected or serviced by Omni or the Company comply in all material respects with all applicable federal, state and local laws, ordinances, rules and regulations, including but not limited to those related to usury, truth-in-lending, consumer protection, equal credit opportunity, fair debt collection, rescission rights and disclosures, except where failure to comply would not have a Material Adverse Effect. (b) Schedule 5.32(b) hereto completely and accurately describes the Company's Current Policies Regarding Purchase of Retail Installment Vehicle Loans as in effect on the date hereof, and all existing Vehicle Loans comply in all material respects with such policies.