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COMMERCIAL CREDIT CORPORATION

OPERBTIOflS BULLETID
— S E N I O R VICE PRESIDENTS—

H. A. CHERRY
E. L CHESNEY
T. A. DUNCAN

Paft»

To:

June 2k> I9h9*

F. J . HENRY
D. E. STATTER
J . P. TAYLOR

^

75

Division Managers, Division Credit Managers, Office lianagers, District
Representatives - (USA)

M3T0R RETAIL DOIN PAYMENTS AMD TERMS EFFECTIVE JULY 1st, 19h9
Regardless of "Whether Regulation W is continued after June 30, 19^9, the following motor retail Hirdmum dorm payments and Maximum terms trill be in effect
July 1, 19U9*
•
MOTOR USA
RECOURSE PLAN
Minimum
^mmmmmmmmmmm^mmmmmm^mm Dom
Payment
Mew Passenger Cars
Used Passenger Cars
19U9-48 Hodels
ff
19k7-h6
19U24a4jX)
Older liodels

33-1/3

Maximum
Number
Months
2h
$ Low Book

33-1/3
33-1/3
33-1/3
iiO

2U
18
15
12

100$

In the event Regulation W is discontinued, no Balloon Note transactions should
be purchased as we do not want any transactions on our books that when converted
to a monthly payment plan would exceed the terms set forth above for the
respective year models*
IN THOSE FEW CASES ^IERE NONLIABILITY iiOTOR BUSINESS HAS BEEH APPROVED BY TERRITORY AND DIVISION L&NAGER, THE FOLLOWING L2NHmi D0\7N PAX!SOTS AND l&XEJDil TERIS
WILL BE OBSERVED BY OUR OFFICES•
NO- LXIBILITY PLAN

New P a s s e n g e r Cars
Used P a s s e n g e r Cars

33-1/3

Uaximum
Number
Months
2U
% Low Book

33-1/3
3/3
"
33-1/3
18
100$
h^k6
3/
Older Models
Not Financed No-Liability
IE WILL NOT HANDLE FARMER PLAN OR BALLOON NOTES NONLIABILITY.
HOME APPLIANCES
There will be no change on our Regulations regarding Home Appliances as outlined
in Operations Bulletin #70, dated April 26, ^



191*9-1$ Models

Minimum
Down
Payment