auto dealer in black and red logo
MenuMENU
SearchSEARCH

First Advantage Credco Helps Dealers Comply With New Minnesota Law

To help ease compliance with a new Minnesota state law, First Advantage CREDCO is providing Consumer Report Disclosure Notices free of charge to all automotive, RV and marine dealer customers, automatically with every consumer credit report ordered.

by Staff
January 8, 2008
2 min to read


—Consumer Report Disclosure provided FREE to automotive dealers—

To help ease compliance with a new Minnesota state law, First Advantage CREDCO is providing Consumer Report Disclosure Notices free of charge to all automotive, RV and marine dealer customers, automatically with every consumer credit report ordered.

Effective January 1, 2008, the new law – which falls under Minnesota Senate File 1333 or Minnesota’s Car Buyer’s Bill of Rights – requires Minnesota dealers to deliver a Consumer Report Disclosure Notice to residents prior to the sale or lease of a vehicle every time a consumer credit report is ordered.

“We’re pleased to offer this service free to our automotive, RV and marine dealer customers,” said Eric J. Rumsey, president of First Advantage CREDCO. “It’s part of our ongoing commitment to help our Minnesota dealers remain compliant so they can focus on sales, while protecting their customer’s right to stay informed on consumer credit inquiries.”

The Consumer Report Disclosure, which will be delivered to the consumer at the point of sale, will be conveniently included as a separate sheet along with the First Advantage CREDCO credit report. Minnesota dealers will not have to take any action to receive the free service, as it will be automatically provided with every consumer credit report beginning January 1, 2008.

First Advantage CREDCO also provides consumer disclosure notices free of charge for California automotive, RV and marine dealers to help them comply with a similar state requirement, which became effective July 1, 2006. Unlike the California consumer score disclosure, Minnesota law doesn’t require dealers to provide the credit score obtained from a credit reporting agency to the consumer.

More Dealer Ops

Closeup of white car's headlight, front end
Dealer Opsby Hannah MitchellApril 17, 2026

Used Autos Supply Dwindles

The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.

Read More →
hands making protective frame over red car, Risk Reality Check, Be Proactive, Auto Dealer Today logo
DigitalApril 1, 2026

Managing Risk Effectively Through Changing Times

The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.

Read More →
Car key, stacks of coins, and a paper car cutout with AutoPayPlus logo, representing auto financing, loan terms, and vehicle affordability trends.
Dealer Opsby StaffMarch 31, 2026

Survey Reveals What Won't Fix What's Breaking Car Sales

AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.

Read More →
Ad Loading...
Headshots of two male executives
Dealer Opsby StaffMarch 24, 2026

IA American Appoints Two Execs

Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.

Read More →
Dealer Opsby StaffSeptember 8, 2025

Cox Automotive Acquires Inspection Firm

Full ownership of Alliance Inspection Management, or AiM, meant to unlock growth for Manheim inspection capabilities

Read More →
Dealer Opsby StaffAugust 26, 2025

Assurant Expands Partnership With Holman

Extended collaboration delivers training, products and performance development to 30 newly acquired Holman dealerships

Read More →
Ad Loading...
Dealer Opsby Hannah MitchellAugust 26, 2025

Franchises, Throughput Down in First Half

A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.

Read More →
SalesAugust 25, 2025

How to Build a High-Performance Sales and F&I Team

Performance and profits start with people chosen and led the right way.

Read More →
Dealer Opsby Hannah MitchellAugust 19, 2025

Buy-Sells Up in Q2

Kerrigan metrics show there’s plenty of demand, though many sellers are waiting to pull the trigger.

Read More →
Ad Loading...
Graphic for July 15, 2025 webinar “Driving Directions to Your Secure Auto Destination,” listing vehicle theft, vandalism, insurance losses, and other security risks with a laptop meeting image.
Dealer Opsby StaffAugust 14, 2025

Webinar Gives Driving Directions for Vehicle Security

Free on-demand session shares solutions for securing vehicle storage and parking facilities.

Read More →