Compliance
Protect your dealership from fines and penalties by knowing your compliance responsibility at every stage of the deal. Stay ahead of compliance with ID verification, fraud protection, secure document storage, and tracking and reporting.
We know your challenges
attempted vehicle loan fraud reported in 2021*
Know your customers
Combating fraud requires powerful ID verification tools. Red Flag and OFAC checks and out-of-wallet questions can help ensure you know your customers.
per violation for not providing Adverse Action Notices*
Substantial fines
Overlooking consumer protection notices can result in hefty fines. A compliance solution can help make sure you provide the right notices at the right times.
state-mandated period for record retention*
Audit risk
Your dealerships records must be safely stored in case of an audit. A secure online deal jacket can keep them and accessible when needed.
Ensuring compliance at every step of the deal
- ID verification at multiple checkpoints
- Create, present and track consumer disclosure notices
- Proactive alerts when you need to take action
- Tracking and reporting of user interactions
- Secure storage of deal documents
- ID verification at multiple checkpoints
- Create, present and track consumer disclosure notices
- Proactive alerts when you need to take action
- Tracking and reporting of user interactions
- Secure storage of deal documents
Ensuring compliance at every step of the deal
Gain confidence in your compliance process
Red Flags & OFAC
Review and clear Red Flags and run OFAC checks using integrated ID checkpoints throughout each deal.
Out-of-Wallet Questions
Ask four questions only the customer would know, as needed to be sure of a customer’s identity beyond a credit report or driver’s license.
Long-Term Storage
Securely store deal documents in the deal jacket up to the state-mandated retention period so they remain available for audit.
Compliance Checklist
Stay on top of deal compliance with a checklist in each customer deal jacket that guides you through steps you need to take.
Dashboard & Reporting
Get a quick snapshot or a customized report of your compliance status by dealership or dealer group.
Take your compliance process to the next level
Fraud Detection
Fraud indicator shows fraud risk level for each deal with proactive alerts.
Adverse Action Mailing Service
Auto-generate pre-filled Adverse Action Notices and have them mailed on your behalf.
*Additional fee for mailing service.
Get the 2023 Dealertrack Compliance Guide
Fill out this form and download your own copy of the Compliance Guide.
Driver’s Village
I get a comfort level using the compliance product from Dealertrack…I know I’m being protected.
Lou Bregou
Director of Operations
Success with Dealertrack Solutions
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