⏱️ 2 hours CE credit
This two-hour educational opportunity provides an overview of critical compliance obligations for automobile dealers covering the Safeguards Rule, FTC Advertising Transparency, Fair Credit Reporting Act (FCRA), Regulation V, Equal Credit Opportunity Act (ECOA), and finally, Regulation B.
Hosted by NIADA and sponsored by Pastime, this class emphasizes the most current updates to advertising compliance and outlines which mandatory fees must be included in the total advertised price. Also included are the requirements surrounding consumer credit data and legal access to a prospective customer's credit report. It further explains the adverse action process for notifying the customer when credit is denied. Dispute resolution and disposal of old records are reviewed. And, finally, prohibited discrimination, operational conduct, written policies dealers should maintain, and regulatory context are revisited and serve as a review of old topics, while giving updates on many others.