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NADA Offers Fair Credit Guidelines for Dealers

May 27, 2022
The NADA Legal and Regulatory Affairs department is offering a comprehensive program  designed to strengthen a dealer's ability to comply with fair credit laws while preserving the competitive benefits of dealer-assisted financing.

In addition to offering an introductory video, the NADA offers downloads on the following topics:
  • NADA/NAMAD/AIADA Fair Credit Compliance Policy & Program
  • The editable version of NADA’s Fair Credit Compliance Program that dealers can tailor to their needs
  • NADA/NAMAD/AIADA Fair Credit Compliance Policy & Program at a Glance
  • The memo announcing the program
  • NADA Commitment to Fair Credit
  • NADA article entitled Managing Pricing Discretion in Credit Transactions
  • NADA article entitled The Fallacy of Flats
  • Attorney testimonials regarding the NADA/NAMAD/AIADA Fair Credit Compliance Policy & Program
Please visit the NADA website for more information:
https://www.nada.org/regulatory-compliance/nada-fair-credit-guidance
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