Tag Archives: Auto Dealerships

Auto Dealers & Regulatory Compliance: If the FTC Comes Knocking

Posted on March 28, 2015 by Gregory Johnson

 Dealerships have become subject to increased regulation and enforcement, particularly in the areas of consumer advertising, consumer finance and consumer privacy. I recently posted an article to this blog entitled: Auto Dealer Arranged Financing: 51 Laws a Dealer Must Know. … Continue reading →

Posted in Auto Dealer, Consumer Leasing Act, Errors & Omissions, Indirect Financing, Regulatory Compliance, TIL Disclosures, Truth in Lending Act | Tagged , , , | Leave a comment

Auto Dealer Arranged Financing: 51 Laws Dealers Must Know

Posted on March 25, 2015 by Gregory Johnson

By Greg Johnson. It’s no secret that auto dealerships have become subject to increased regulation over the past several years, primarily in the areas of consumer advertising, consumer finance and consumer privacy. Although the recession of 2007-2009 was primarily related … Continue reading →

Posted in Auto Dealer, Dealer Reserve, Errors & Omissions, Indirect Financing, Regulatory Compliance, TIL Disclosures, Truth in Lending Act | Tagged , , , | 3 Comments

Hey Dealer, Can I Get a Loaner?

Posted on March 8, 2015 by Gregory Johnson

By Greg Johnson. I recently wrote an article for the Minnesota Automobile Dealer Association’s MN Dealer Outlook Magazine (Winter 2015).  If your Minnesota dealership provides dealer-owned loaner vehicles to customers while the customer’s vehicle is being repaired, you’ll want to … Continue reading →

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Speaking at Automotive Dealer Subprime Sales Success Workshop on April 7-8th in Atlanta, Georgia.

Posted on March 7, 2015 by Gregory Johnson

I will be a speaker at the Automotive Dealer Subprime Sales Success workshop on April 7-8th in Atlanta, Georgia. I will be speaking on two related topics.  First, about F&I compliance and class action litigation issues (spot delivery, acquisition fees, … Continue reading →

Posted in ADCF Policy, Auto Dealer, Coverage, Indirect Financing, Regulatory Compliance, Truth in Lending Act, Truth in Lending Coverage | Tagged , , , , , , , , | Leave a comment

Auto Dealer-Arranged Financing: When must TIL Disclosures be Provided?

Posted on November 9, 2014 by Gregory Johnson

By Greg Johnson. I recently posted an article, “Auto Dealer-Arranged Financing and the Truth in Lending Act: Understanding the Basics.”  This is one of several posts that get more specific. Under the federal Truth in Lending Act (“TILA”), 15 U.S.C. § … Continue reading →

Posted in Auto Dealer, Indirect Financing, Regulatory Compliance, Truth in Lending Act | Tagged , , , , , , | Leave a comment

Auto Dealer-Arranged Financing: Compliance with TILA May Satisfy State Retail Installment Sales Act — TILA Preemption and TILA Safe Harbors.

Posted on November 5, 2014 by Gregory Johnson

By Greg Johnson. I recently posted an article, “Auto Dealer-Arranged Financing and the Truth in Lending Act: Understanding the Basics.”  This is one of several posts that get more specific. Prior to the passage of the federal Truth in Lending Act … Continue reading →

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Auto Dealer-Arranged Financing and the Truth in Lending Act: Understanding the Basics

Posted on November 4, 2014 by Gregory Johnson

By Greg Johnson. With all the discussion about the Consumer Financial Protection Bureau advocating the end of the so-called dealer reserve, I decided to post a series of articles outlining the auto dealer-arranged financing process supplemented by some of the … Continue reading →

Posted in Auto Dealer, Dealer Reserve, Indirect Financing, Regulatory Compliance, TIL Disclosures, Truth in Lending Act | Tagged , , | 2 Comments

The Auto Dealer’s Coverage Form (ADCF) Policy: No Coverage for Violations of Prior Damage Disclosure Statutes.

Posted on October 20, 2014 by Gregory Johnson

In 2013, Insurance Services Office (ISO) rolled out its new Auto Dealers Coverage Form (ADCF) Policy. The ADCF Policy replaces the Garage Liability (GL) Policy which had been available for decades. One of the most major differences between the GL … Continue reading →

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Sonic Dealerships Lose Class Action Insurance Coverage Dispute with Chrysler Insurance: Statutory Errors or Omissions Coverage did not apply to Dealers’ Failure to Disclose Price of Etch in Retail Installment Sales Contracts.

Posted on October 8, 2014 by Gregory Johnson

By Greg Johnson. I recently posted an article providing a general overview of the insuring clause to the “Acts, Errors or Omissions” of the new Auto Dealers Coverage Form (“ADCF”) Policy.  (See the article here).  This optional coverage is primarily … Continue reading →

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The Auto Dealer Liability Policy: Analyzing Coverage for Statutory Acts, Errors or Omissions Claims (TILA, CLA, FCRA, ECOA, FTC, GLB, CFA & UDTPA)

Posted on October 7, 2014 by Gregory Johnson

By Greg Johnson. In previous posts, I’ve discussed the new Auto Dealers Coverage Form (“ADCF”) policy which ISO developed to replace the Garage Liability Policy in late 2013. Prior blog articles include: The Comprehensive Guide to the 2013 Auto Dealer’s … Continue reading →

Posted in ADCF Policy, Auto Dealer, Consumer Leasing Act, Errors & Omissions, Truth in Lending Coverage | Tagged , , | Leave a comment