GMAC LLC, the auto and home lender that was bailed out in December, will receive more than $7 billion of government funds to provide financing for customers of Chrysler LLC and General Motors Corp., according to two people familiar with the matter.

A second payment may follow, said one of the people, who requested anonymity because the talks are not public. GMAC agreed on April 30 to fund Chrysler customers and dealers after the automaker filed for bankruptcy protection.

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