Legal Compliance Training

Since dealerships like yours are dealing with high dollar transactions and loans, they’re subject to and held to many of the same strict standards as traditional banks.

Because of this, if your dealership slips out of compliance in any area, you’ll end up having to fork over countless hours of your time to deal with lawyers and court dates — as well as the costly legal fees.

New employees should also be directed to this legal compliance training as well, so everyone has the same foundation and there are no gray areas when it comes to policies at your dealership.

Speaking of that, here are a few regulations this training will cover:

Legal Compliance Training Course Structure:

• Understanding FTC Regulations

• Federal Laws

• Regulation Z

• Regulation M

• Fair Credit Reporting

• Fact Act Red Flags

• The Equal Opportunity Act Regulation B

• Holder in Due Course

• Magnuson-Moss Warranty Act

• Gramm-Leach-Bliley Act

• The FTC Safeguards Rule

• Telemarketing Sales Rules

• Credit Practices Rules

• U.S. Patriot Act (and how it applies to your dealership)

• F&I Rules and Regulations

• F&I Terminology

• Consumer Financial Protection Bureau

• Discrimination

• Legal presentation of Numbers

• Military