The Challenge:
Compliance Misunderstandings

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.

ARE YOU IN COMPLIANCE AT EVERY STAGE OF THE DEAL?

Sending Adverse Action Notices

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?

Verifying IDs

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 Notices

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?

We can help you pinpoint your compliance concerns.

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.

Dealertrack Compliance

Establish a consistent process from leads to contracts.

Get Started

Dealertrack Compliance helps you maintain a consistent practice across your workflow.

  • Integrated checkpoints keeps you on track with processing deals
  • Checklist helps you stay on track for each deal
  • Dashboard helps you monitor activity at your stores

Other Challenges?

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Resources

Dealertrack 2020 Compliance Guide

Stay up to date with the latest federal rules and regulations. Get the Dealertrack 2020 Compliance Guide.

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The Road to Consensus

A DMS switch is a large undertaking that impacts everyone. So how do you make this process more manageable? Get your team on board immediately with stakeholder consensus creation.

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All-New DMS Solutions: Reduce Noise, Increase Productivity

Stop letting your job get in the way of your job. Introducing the newest offerings from Dealertrack DMS that reduce noise and increase productivity.

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Find a DMS That Checks All the Right Boxes

When it comes to finding the right DMS, you've probably got questions. This checklist includes questions you should consider when choosing the right technology to run your dealership.

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Discover More Resources