Regulatory Issues
Deal Jacket Review
A complete review of the documentation collected for the deal transaction. Documents are checked for completion and a list of items that should be included in the deal jacket are reviewed.
Information Safeguarding
Under the FTC rules, customer information must be safeguarded in the dealership to limit access and deter identity theft. A program is completed, interviewing management, assessing risks, and reviewing the processing, storing and disposal of personal information collected by the dealership. Ongoing monitoring helps enforce the program.
Red Flag Checks
Under the FTC rules, a program must be in place to assure that identity theft does not occur at the dealership. A complete program is developed, assessing risks, and reviewing procedures for checking identity theft. Ongoing monitoring helps enforce the program.
Motor Vehicle and Licensure Review
A review of the documentation needed to properly maintain the motor vehicle license. Inspection of records including temp logs, demo usage reports and licensure credentials is essential.