What’s Your Compliance Plan of Action?

The key to staying compliant with federal rules and regulations is proactive planning and consistent checkpoints. With Dealertrack, you can make compliance an integral part of your daily workflow.
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Keep Your Compliance in Check.

Dealerships can lose sight of compliance actions that need to be completed throughout the F&I process. Here’s a checklist to help keep your dealership on track:

Be In the Know

Are you aware of the latest Coronavirus phishing scams?

Follow these Tips from the FTC to help protect your dealership.

Stay up to date with the latest federal rules and regulations.

Every year brings new changes to the compliance landscape. Know what it takes to remain compliant in 2020 and avoid the risk of penalties and fines.

Sign up for the Compliance Guide

Present your Dealership's Privacy Notice at the start of each deal.

Your dealership's Privacy Notice sets the stage for compliance as you begin collecting information for each deal. Find out what it should include and what laws require it.

Get the facts

Provide a Risk Based Pricing Notice if your customer has less favorable credit terms.

If a customer qualifies for less desirable credit terms than other buyers because of information in their credit report, your dealership must give them a Risk Based Pricing Notice. Learn the how’s and why’s of RBP compliance.

Get the facts

Provide an Adverse Action Notice when a customer is denied credit or you cannot agree on terms.

Automating your process of sending Adverse Action Notices helps ensure you never skip a customer. Find out when these notices are required by law.

Get the facts

Look out for Red Flags Alerts and run an OFAC check on every customer.

Make sure your customers are who they say they are - and that they're legally allowed to purchase from you. Get the tools to keep your dealership safe from fraud at every step.

Get the facts

Don't skip required steps in your aftermarket presentation.

When you sell aftermarket products, make your presentations consistent and transparent, clearly stating what each product is and how much it will cost.

Get the facts

Make sure your customer accepts your E-Sign disclosure before they sign electronic documents.

A customer must consent to sign documents electronically before you can proceed with e-signing. No matter how you secure signatures, it's still the dealership's responsibility to deliver a copy of the signed, final contract.

Get the facts
Check back for weekly compliance action item updates.

Get the Dealertrack 2020 Compliance Guide.

Gain a better understanding of your obligation to comply with federal regulations and help protect your dealership from fraud, fines and audits.

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Access up-to-date Compliance information anytime, anywhere.