The vast majority of dealers want to follow the letter of the law but often have difficulty keeping up with the constant stream of new legislation impacting their business. Unfortunately, ignorance is no defense to a violation and sometimes what you don’t know can land you in jail.
Tag: F&I
Sometimes there is no substitute for reading the actual text of the law. For those times, or when you need some light bed time reading I’ve compiled this selection of the most important federal laws impacting auto dealers.
The Privacy Rule requires financial institutions to give their customers privacy notices that explain the financial institution’s information collection and sharing practices. In turn, customers have the right to limit some sharing of their information.