State Farm Bank® originated vehicle and business lending loan sale FAQs
No, Payoff Protector still applies to your vehicle loan. Please refer to the disclaimers below for more information.
Yes, please mail principal-only payments to:
[Name of LLC entity owner on your loan]
Attn: Loan Servicing
P.O. Box 5961
Madison, WI 53705-0961
Payoff Protector is not an insurance product. Subject to the terms, conditions, and restrictions of the Payoff Protector provision in your State Farm Bank Promissory Note and Security Agreement. If your vehicle is determined to be a total loss before the loan is paid off, State Farm Bank will cancel the difference between the insurance payout and the unpaid principal balance due on the loan. Certain restrictions apply. For example, your loan must be in good standing.
Payoff Protector does not waive past due payment amounts; interest, fees and charges incurred prior to the total loss; or any refundable portion of the credit insurance premium. Certain exclusions apply to Payoff Protector, including but not limited to, if your account is 30 days or more past due, pre-existing vehicle damage, or other amounts excluded from your vehicle insurance coverage.
Your loan originated by State Farm Bank is owned by one of the following State Farm companies: EMVLP, LLC, EMVLP II, LLC, EMVLP II LLC d/b/a EMVLP II PLLC, or SF ARLO, LLC. For questions regarding your loan, please contact Loan Servicing at 866-207-9079866-207-9079. If you are deaf, hard of hearing, or do not use your voice to communicate, you may contact us via 711 or other relay services.