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.
But there is a way to avoid this: your team must stay well-versed and up-to-date on the latest rules and regulations regarding automobile dealership legal compliance practices. Not only should your team members have a solid foundation of these rules, they should also continue to further their education because the laws constantly change.
The Top Benefits of Our Legal Compliance Training
By keeping your team in the loop with current regulations, you’ll minimize your risks of having to pay costly fines and penalties, both of which can hurt your dealership’s reputation and your bottom line.
Plus, your team will also have a better idea of what it takes to be compliant and how to maintain this with the proper training.
Since regulations can be lengthy and tough to understand, we’ve restricted our training classes to small group sizes to make it easier for students to understand the nuances of federal laws and FTC regulations.
Who is This Legal Compliance Training Course Right For?
Your dealership Compliance Officer, F&I Manager, Sales Manager, Office Manager, Controller, GSM and/or GM should regularly attend legal compliance training sessions, such as this one, to ensure their methodology is current.
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
- Legal presentation of Numbers
Find Out How Our Training Can Help Your Team Stay Compliant
If you’re ready to sign up your team for our next legal compliance training session, visit this page to see available dates and pricing now.
– HERE FROM OUR FORMER STUDENTS –
To see what other students have said about our compliance course, check out these testimonials:
Highest value of material and relevant information of any class I have ever attended in the car business!
John was really great! I know that sounds cliché, but he is not just a teacher, but is in the business. What he teaches is what is current. John is very attentive to the students and shows real concern for everyone to really learn the processes.
Being in finance for a few years, it never hurts for a refresher. Coming here was a huge benefit in sharpening my skills and cleaning up a few mistakes I have been making.
Don’t put your business at risk.
It pays to invest in legal compliance training to equip your team and protect your dealership from costly risks in a changing market.
To sign up for our next training session, visit this page or call our team direct at (214) 770-1850 today!