National Independent Automobile Dealers Association
Serving Quality Independent Automobile Dealers Since 1946

Compliance

RED FLAGS RULE

As of January 1, 2011, creditors and financial institutions must develop and implement written identity theft prevention programs. NIADA has developed materials to assist Dealers in complying with the Red Flags Rule: more....

DEALERSHIP GUIDES
CREDIT CARD INFORMATION

Federal Law Requires All Businesses to Truncate Credit Card Information on Receipts -- FTC Business Alert. more....

FORM I-9
RISK-BASED PRICING REGULATIONS
FINAL RULES AND FORMS FOR RISK-BASED PRICING AND ADVERSE ACTION NOTICES

    EFFECTIVE AUGUST 15, 2011

  • Notices must include the following information
  • A numerical credit score used in making the credit decision;
  • The range of possible scores under the model used;
  • Up to four factors that adversely affected the consumer’s credit score (or up to five factors if the number of inquires made with respect to that consumer report is a key factor);
  • The date on which the credit score was created; and
  • The name of the person or entity that provided the credit score.

PRIVACY OF CONSUMER FINANCIAL INFORMATION REGULATIONS