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NADA offers 2 new legal compliance publications online; effective date Oct. 1

November 17, 2010

The NADA has finalized two new publications aimed at helping dealers comply with several new federal legal requirements. All members will receive via mail a free printed copy of "A Dealer Guide to the FTC Affiliate Marketing Rule" and "Electronic Disclosure Rules for Dealership Online Commerce."

However, Oct. 1 was the compliance deadline for each of these new rules, NADA Management Education has made these two publications available immediately, in PDF form, free to members upon request.

The FTC’s Affiliate Marketing Rule specifies when certain credit-related information received from a company’s affiliates may be used for marketing purposes. The guide covering this new rule defines key terms, explains the new rule’s relationship to existing information-sharing restrictions under the Fair Credit Reporting Act, and provides examples of the notices required under the new rule.

The Federal Reserve Board’s Electronic Disclosure Rules affect dealers who currently engage in certain online activities (such as advertising leases online, advertising credit online, or providing access to/accepting online credit applications), or envision doing so in the future. This publication explains the rules, discusses amendments to certain regulations—including Regulations B, M, and Z—and provides context and compliance considerations.

Members may obtain a free PDF copy of each publication by sending an email to me@nada.org with their requests and member identification numbers.

 

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