By signing the above, you authorize Port Terminal FCU to extend your final loan payment by one month on each loan selected. The $30.00 processing fee must be prepaid for each payment you elect to skip. Interest will continue to accumulate on your loan during the month that the payment is skipped. You may skip a loan payment once annually. There must be a minimum of one full month payment made on loan. All loans and accounts must be current to qualify. This product may void your GAP policy or reduce the amount of payout. GAP policies allow only one skip during the life of the auto loan. Eligibility will be determined by a loan officer.