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Compliance

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Articlesby Nicole MunroDecember 8, 2010

Expedited Payment Fees

Before charging an expedited payment fee (or any other servicing fee), consult and consider your state’s laws on the topic. Attorney Nicole Munro explores servicing fees in depth.

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Articlesby Tom HudsonNovember 22, 2010

Business Buyers Pose Less Compliance Risk

Thomas B. Hudson - When the buyer listed on a retail installment sales contract is someone other than an individual (i.e., a corporation, partnership, association, etc) or when the primary use of the vehicle is for business use, many claims and defenses the buyer might otherwise have against the dealer evaporate.

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Articlesby Jennifer Murphy BloodworthNovember 18, 2010

Changing with the Times

Jennifer Murphy - Rosen Automotive Group, based in Gurnee, Ill., goes to great lengths to maintain compliance within the nine-operation dealership group. After trying to maintain 100-percent compliance in-house, Dealer Saul Rosen realized the huge task it was and commissioned an outside consultant dedicated to keeping his stores compliant.

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Articlesby David Keller, CPA, CFENovember 12, 2010

Institute Good Internal Accounting Controls

David Keller - Following are some basic policies and procedures you should have for your accounting department to be compliant with good internal accounting controls—including properly segregating duties, adjusting of journal entries, reviewing of cash disbursements, archiving cash receipts and authorizing of purchases.

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Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Adverse Action Notices

Auto dealers have many different laws, rules and regulations to contend with. Here is a summary of one of those very important compliance issues, adverse action notices. Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

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Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Gramm-Leach-Bliley Act

Auto Dealer Monthly offers a brief look at one of the many compliance issues auto dealers must contend with, the Gramm-Leach-Bliley Act. Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

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Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Magnuson - Moss Warranty Act

Compliance is an ongoing concern for dealers, with numerous rules and regulations to adhere to. Auto Dealer Monthly offers a brief summary of one of those issues, the Magnuson – Moss Warranty Act. Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

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Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Used Car Rule

Auto dealers face a multitude of compliance issues on a daily basis. Here is brief summary of one of those issues, the Used Car Rule. Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

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Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Disposal Rule

Auto Dealer Monthly offers a brief look at one of the many compliance issues auto dealers must contend with, the Disposal Rule. Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

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Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Regulation M

Compliance is an ongoing concern for dealers, with a number of various rules and regulations to adhere to. Auto Dealer Monthly offers a brief summary of one of those issues, Regulation M. Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

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