NAICS UNIVERSITY · Free research for insurance agents
Sales Financing
NAICS 522220 · United States · 2022 edition
This industry comprises establishments primarily engaged in sales financing or sales financing in combination with leasing. Sales financing establishments are primarily engaged in lending money for the purpose of providing collateralized goods through a contractual installment sales agreement, either directly from or through arrangements with dealers.
Start with the work promised to the client.
For Sales Financing, clarify the services, contracts and consequences of an error. Review professional liability / e&o, cyber and data breach, directors and officers liability. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- What types of collateral are financed — vehicles, equipment, consumer goods, or a mix?
- Are loans originated directly with consumers or through dealer and retailer networks?
- Is the company subject to CFPB examination or state money transmitter or consumer finance licensing?
- Any prior regulatory actions, consent orders, or significant consumer complaints on file?
- What is the approximate size of the loan portfolio and number of active accounts?
- What data security controls are in place for protecting borrower PII and financial records?
- For Sales Financing, what should the underwriter know about prior regulatory actions, consent orders, or enforcement proceedings from state or federal lending regulators?
- For Sales Financing, what should the underwriter know about collections practices that have generated consumer complaints or litigation?
Activities described by this code
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Sales financing establishments lend money to consumers or businesses to fund the purchase of collateralized goods — commonly vehicles, equipment, appliances, or other durable goods — typically through installment contracts arranged directly or via dealer or retailer networks. Day-to-day operations involve loan origination, underwriting, servicing, collections, and collateral management. This class is typically an office-based financial operation rather than a retail-facing one.
Questions to investigate
- What types of collateral are financed — vehicles, equipment, consumer goods, or a mix?
- Are loans originated directly with consumers or through dealer and retailer networks?
- Is the company subject to CFPB examination or state money transmitter or consumer finance licensing?
- Any prior regulatory actions, consent orders, or significant consumer complaints on file?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.