Auto Dealer

Auto Dealer covers laws that apply to dealerships that engage in motor vehicle retail installment sales financing transactions with consumers and then assign the resulting retail installment contracts to related or third party sales finance companies. The product addresses issues in a question/answer format. The questions relate to licensing, fee and payment limitations, disclosures, titling and security interests, insurance, recordkeeping, and penalties for failure to comply. The responses are based on state statutes, regulations and materials published by the regulating entity. The responses generally do not cover local or municipal ordinances. Auto Dealer does not address issues related to direct loans, transactions secured by real property and/or dwellings, title loans, pawn transactions, rental or rent-to-own transactions, or other transactions that do not involve motor vehicle secured retail installment sale financing.

In Auto Dealer, the term "creditor" applies to the dealer and to any subsequent assignee of a retail installment sale contract. When the law treats the dealer and assignee differently, we refer to the parties as "dealer" and "holder."

For a personal guided tour and trial, please contact Michael Willer at 614-855-0505 or by email at mwiller@counselorlibrary.com.

InstallmentLaw
A monthly, multi-faceted legal reporting service for legal compliance professionals and law firms in the consumer unsecured and personal property-secured lending industry interested in installment lending, student lending, payday lending, title lending, pawn transactions, prepaid cards, and open-end lines of credit, including credit cards.

For a demonstration and free trial of our latest legal reporter, please contact Mike Willer at (614) 855-0505. Click here for more info.