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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