Exhibit 10.1

  

   

    

  
    	
            

          	
            
              U.S. Department of Justice

               

              

              Criminal Division

            

          
	Fraud Section	
            Bond Building

            1400 New York Avenue, NW 

            Washington, D.C. 20530

          
	 	 
	 	August 5, 2020


     
    Mark E. Schamel 

    Robert R. Ambler, Jr. 

    James E. Connelly

    Womble Bond Dickinson LLP

    1200 Nineteenth St. NW, Suite 500

    Washington D.C., 20036

    

    

    Re: World Acceptance Corporation Dear Counsel,

     

    Consistent with the FCPA Corporate Enforcement Policy, the Department of Justice, Criminal Division, Fraud Section, and the United
      States Attorney's Office for the Southern District of New York (collectively, the "Department") has declined prosecution of your client, World Acceptance Corporation ("World" or the "Company") for violations of the Foreign Corrupt Practices Act (the
      "FCPA"), 15 U.S.C. §§ 78dd-l, et seq. We have reached this conclusion despite the bribery committed by employees of the Company and its
      subsidiaries in Mexico.

    

    

    The Department's investigation found evidence that beginning in 2010 and continuing through 2017, World's Mexican subsidiary, through
      its employees and agents, paid over $4,000,000 to third-party intermediaries that was used, in part, to pay bribes to Mexican union officials and state government officials in order to obtain contracts with Mexican unions and Mexican state
      governments that allowed World to make loans to union members and to receive payments on such loans directly from the unions, which withheld the amount of the loan repayment from the paychecks of the union members.

    

    

    The Department has decided to decline prosecution of this matter based on an assessment of the factors set forth in the Corporate
      Enforcement Policy, Justice Manual ("JM") 9-47.120, and the Principles of Federal Prosecution of Business Organizations, JM 9-28.300, including but not limited to: (1) World's prompt, voluntary self-disclosure of the misconduct; (2) World's full and
      proactive cooperation  in this matter (including its provision of all known relevant facts about the misconduct); (3) the nature and seriousness of the offense; (4) World' s full remediation, including the additional FCPA training added to World's
      compliance program, separation from executives under whom the misconduct took place; and discontinuing relationships with third parties in Mexico involved in the misconduct; and (5) the fact that World agrees to and will disgorge to the U.S.
      Securities and Exchange Commission the full amount of its ill-gotten gains.

    
      
        


    

    This letter agreement does not provide any protection against prosecution of any individuals, regardless of their
      affiliation with World. If the Department learns information that changes its assessment of any of the factors outlined above, it may reopen its inquiry.

    

    

    
      	
               

            	 	
              Sincerely,

            
	
               

            	 	
               

            
	
               

            	 	
              ROBERT ZINK

            
	
               

            	 	
              Chief, Fraud Section

            
	
               

            	 	
              Criminal Division

              

            
	
               

            	 	
              Department of Justice

            
	
               

            	 	
               

            
	
               

            	 	
               

            
	
               

            	BY:

            	
              /s/ Sarah E. Edwards

            
	
               

            	 	
              SARAH E. EDWARDS

            
	
               

            	 	
              SONALI D. PATEL

            
	
               

            	 	
              BENJAMIN  A. SALTZMAN

            
	
               

            	 	
              Trial  Attorneys, Fraud Section

            


    

    

    World Acceptance Corporation agrees and consents to the facts and conditions set forth herein:

    

    

    
      	
              The Date:  8/5/2020

            	
              BY:

              

            	
               /s/ Luke J. Umstetter

            
	
               

            	
               

            	
              LUKE J. UMSTETTER

            
	
               

            	
               

            	
              General Counsel, World Acceptance Corp.