Dealertrack enables a seamless consumer sales experience via efficient and connected in-store to online workflows. Anchored by the industry’s most trusted credit app, and bolstered by the largest financing network in the business, we provide a comprehensive, mobile-enabled and fully compliant sales and finance solution for dealerships.
Transforming Automotive Retail
Staying compliant with State and Federal regulations means more than red flags and adverse action notices. In fact, there are federal laws and regulations regarding company records around vehicle sales, leases, F&I documents, and more.
In terms of compliance, saving pencils matters because it guards against misunderstanding and is helpful in terms of showing an auditor, regulator, or plaintiff’s attorney how a deal progressed.
In order to maintain compliance, dealership management must be prepared and proactive, with comprehensive training and real-time monitoring.
Consistency is the key to creating the type of experience that meets compliance standards and helps to create an environment of trust and credibility.
An “adverse action” is, basically, a refusal to grant credit, the termination of an account, or the changing of an account's terms in a manner unfavorable to the consumer -- such as unwinding a spot delivery contract.
Designed to prevent your dealership from becoming a victim of identity fraud, the “Red Flags Rule” requires your dealership to develop and implement a program to detect, prevent, and mitigate identity theft.