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.
Establish a consistent process from leads to contracts.Get Started
Many of the DMV’s need to take some time to understand how they will handle specific transaction types as they adjust their operating procedures. See all updates state by state.Read More