Dealertrack Compliance
Dealertack Compliance is integrated throughout the F&I platform to help protect all your deals.
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Is your dealership at risk?
$46k is the maximum fine per violation for certain FTC regulations. *
16 CFR 1 as of January 10, 2022.
$ 46k
Compliance coverage is built into the deal from red flags to risk-based pricing, enterprise reporting, and more.
Here's just a little of what you're responsible for and how Dealertrack Compliance helps:
OFAC
Do not do business with a customer until you are certain that they are not on the SDN List (Specially Designated Nationals and Blocked Persons List)..
Dealertrack Compliance incorporates OFAC in the deal process to help ensure you're doing business with someone who is legally allowed to purchase from you.
Adverse Action Notices
If an applicant is approved for credit but the deal did not go through – you must send the applicant a notice.
Dealertrack Compliance automatically marks all deals that require an Adverse Action Notice.
Risk Based Pricing Notices
Dealerships are required to give a consumer a Risk Based Pricing notice every time they look at the customer's credit bureau and the notice must be provided before the contract is signed.
Dealertrack Compliance automatically recommends which applicants require a Risk Based Pricing Notice.
Synthethic ID Fraud Alert
Fraudulent identities are created by combining real and fabricated information. This synthetic identity is used to open fraudulent accounts and loans.
Dealertrack Synthetic ID verification adds an additional layer of security against this type of fraud within Dealertrack Compliance.
Fraud Index
Protect your dealership early in the financing process to mitigate risk and avoid fraudulent activity.
The Dealertrack Compliance fraud indicator shows fraud risk level for each deal with proactive alerts based on consumer information.
Enhanced Compliance Storage
Enhanced Compliance Storage
Upload any document for long-term storage and retrieve it when needed. Ensures your dealership is protected and prepared in case of an audit, with all documents stored in the customer deal jacket for 10 years.
Ready to hear more about how Dealertrack Compliance helps keep you out of hot water?
Submit this form to contact your F&I representative.
