*Federal Trade Commission, “Dealer’s Guide to the Used Car Rule,” 2016
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Every year brings new compliance challenges. As rules and regulations get more complex, your dealership could face costly consequences if its not following standard procedures.
…it gets hard to manage compliance all on your own.
Knowing when to provide the adverse action notice is the dealership’s responsibility and could be easily overlooked or forgotten through human error.
Do you know when you’re obligated to send Adverse Action Notices?
Ensure your process complies with the Red Flags Rule and OFAC requirements through integrated checkpoints during the sales process.
Learn how to protect your dealership from the threat of consumer fraud.
Risk-based pricing occurs when lenders offer consumers different interest rates or loan terms. Know when to give the notice to the consumer once you receive their credit score information and keep a copy in the deal jacket.
Do you know when to provide a Risk Based Pricing Notice?
Dealertrack Compliance helps you stay up to date with federal laws and regulations. By automating the issuance of sending Adverse Action Notices and integrating other vital checkpoints throughout the process. We also securely store a wide range of documents digitally, including credit applications, privacy notices, credit reports, contracts, menus and more – this is a vital benefit in the case of a compliance audit or a consumer misunderstanding.
Fill out the form below for a demo.
*Federal Trade Commission, “Dealer’s Guide to the Used Car Rule,” 2016
Get tools to help stay compliant with federal and state regulations from leads to contracts. Protect your dealership from fines and penalties with powerful capabilities including ID verification, fraud protection, secure document storage, and tracking and reporting.
See how Dealertrack Compliance works seamlessly with the credit application and bureau process.
Keep your compliance in check.
Know what to do at every stage of the deal and establish a consistent compliance process at your dealership.
Protection built throughout your workflow in one online deal jacket.
Integrated compliance steps help make it easy for your dealership to comply with the Red Flags Rule and OFAC requirements.
Fraud Indicator
Get a fraud risk level for each deal with proactive alerts.
Out-Of-Wallet Questions
ID verification tools are included with Dealertrack Compliance to help keep your deals on track.
“Compliance requirements are always evolving and Dealertrack’s compliance solution helps keep our dealership up-to-date.”
– Marshall Danien, Finance Manager, Infiniti of Willow Grove, PA
Violating federal laws through compliance missteps could lead to hefty fines for your dealership.
Make sure you don’t miss a step.
Keep every deal on track with a checklist inside each customer deal jacket that makes outstanding tasks easy to understand and take action.
Overcome uncertainties to help keep each deal on track.
Monitor and track all deal activity.
Easily monitor activity with on-demand reports and a comprehensive dashboard allowing for ID Verification and Compliance status of all deals. Generate robust reports in PDF and/or Excel.
Enterprise-Level Reports
Gain detailed history and insights for each account and user.
Risk Level Snapshot
See a snapshot of the compliance status for all your deals.
Safeguard your deal documents.
When subscribed to Dealertrack Compliance, you will have peace of mind that the data will be stored for the state-mandated period of time in case of an audit.
Up to 7 years
Keep all deal data safe, secure and audit-ready.
Comprehensive Storage
Store all deal documents including credit application, contract, final menu and more.
Dealertrack will automatically recommend when you should send an Adverse Action Notice. Generate pre-filled Adverse Action Notices, then print, track and manage – and have them mailed* on your behalf.
*Additional fee for mailing service
“I get a comfort level using the compliance product from Dealertrack…I know I’m being protected.”
– Lou Bregou, Director of Operations, Driver’s Village, NY
Dealers who subscribe to both Compliance and Digital Contracting appreciate the way their final contracts get stored along with all their other deal documents.
Talk to your rep about integrating compliance tools to help
protect your dealership from fraud, fines and audits.
Power your deals from F&I to Registration & Titling. See how at NADA 2022.