Press Releases

FOR IMMEDIATE RELEASE                                        

For further information contact:

Joe McTigue

574.243.6040 ext. 239


California GAP Waiver Requirements Effective in 2023


As reported in Carleton's September 2022 Compliance Alert, California Assembly Bill 2311 was enacted by the Governor on September 13, 2022, with an effective date of January 1, 2023. This act created a number of new requirements related to the sale of Guaranteed Asset Protection (“GAP”) Waivers in conjunction with the purchase of a vehicle. Carleton has developed the capability to support the following California GAP requirements in our retail payment API for the following requirements:

  1. Ensure the charge for a GAP Waiver does not exceed 4% of the California-defined Amount Financed
  2. Ensure GAP is not allowed when California-defined Amount Financed is less than 70% of MSRP (as determined by a nationally recognized pricing guide)

Effective Date: January 1, 2023

Carleton has maintained regular communication with industry professionals and trade associations to ensure we are assisting our clients implement these necessary updates. Submit a “Contact Us” request today to schedule time to review how your implementation of the CarletonCalcs® API solution can be configured to align with your product specific calculation needs related to these new requirements.

For existing partners that need, or are interested in utilizing these calculations through CarletonCalcs®, please contact


About Carleton, Inc.:

Carleton is the country's leading provider of financial calculation software, loan origination compliance support, and document generation software. Based in South Bend, Indiana, Carleton possesses over 50 years of leadership in this rapidly-changing regulatory industry. Carleton guarantees accuracy in all their calculations and disclosures enabling their partners to fulfill compliance requirements today and into the future. To learn more about Carleton Lending Solutions, go to or contact Joe McTigue, Client Engagement Executive at 800-433-0090 Ext. 239 or