Car dealers, boat dealers, RV dealers - all businesses that sell personal property on credit - are subject to a bewildering thicket of federal and state laws and regulations. Responsibility for compliance usually falls on the general manager of the dealership or the manager of the "finance and insurance", or "F&I" department. Sometimes the person responsible for sales and credit compliance has received some training dealing with these legal issues. But sometimes, the person shoved into the deep end of the pool as the compliance officer doesn't have a clue what he or she is responsible for, and doesn't know where to start.
CARLAW F&I Legal Desk Book: 362 Things to Know About Auto Dealer Finance provides a compliance roadmap for "green pea" and seasoned compliance officers alike. Each chapter addresses a topic of crucial interest to dealerships. The topics cover the compliance waterfront, and include:
- The Truth in Lending Act and Regulation Z
- The Consumer Leasing Act and Regulation M
- The Equal Credit Opportunity Act and Regulation B
- The Fair Credit Reporting Act
- The Federal Trade Commission's Used Car Rule
- Federal Advertising Rules
- The Magnuson-Moss Warranty Act
- and more ...
This new edition is revised to address the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act and changes in several federal laws, including the Fair Credit Reporting Act.
Each chapter is authored by lawyers who deal with that chapter's subject every day and in detail. The authors present their information in an easy-to-follow, Q&A format, with as little "legalese" and as much useful and practical information as possible. The goal each time is to give the reader a solid, basic working knowledge of the topic covered.
For years, dealers have needed a source for comprehensive, no-nonsense information on the legal requirements they face. Now they have one that quickly will become their principal resource for credit compliance information: CARLAW F&I Legal Desk Book: 360 Things to Know About Auto Dealer Finance.
For a demonstration and free trial of our latest legal reporter, please contact Mike Willer at (614) 855-0505. Click here for more info.