regulation Z checklist for car dealer lenders

A Regulation Z Summary for Auto Dealers Providing Credit – AutoRaptor – What is Regulation Z? Regulation Z (also known as Reg Z) is the implementing regulation of the Truth-in-Lending Act (TILA), and it governs how auto loans and leases are advertised. The general idea is that if you talk …

how do you handle adverse action notices ???

How to Tactfully Handle Adverse Action Notices with Car Buyers   Adverse action notices can throw a wrench in the car-buying process, but if dealt with carefully, they’ll just be a minor speed bump. After spending a couple of hours with a prospective car buyer, it’s finally time — he …

major auto insurance fraud ring uncovered in fresno

More than two dozen charged in staged collision auto insurance fraud scheme Elaborate organized ring, one of the largest in Fresno history FRESNO, Calif.  – In one of the largest arrest operations in Fresno history, detectives from the California Department of Insurance, fanned out across the valley and southland areas …

go with a car dealer bond agent who has not been arrested

  some bond agents let their clients get arrested some bond agents get arrested themselves some bond agents overcharge +++++ go to a bond agent that will stand up for you appreciates your business and will never get you arrested +++ your car dealer bond is a pot of gold …

#redding VIN verification services

we offer vehicle verifications at our licensed location $25 per vehicle bring your documents out of state verification out of record verification TriStar Motors LLC Richard   415-377-4143 sfvinverifier@gmail.com +++ Azita   415-730-3137 +++ Elizabeth   408-761-0107 +++ Jorge   209-985-0426 +++ Iris   619-933-6112 +++ Scott   619-807-6652 +++ Sonia …

always remember to #runtheVIN

Where can I find my VIN? Your vehicle’s unique Vehicle Identification Number (VIN) is a 17-digit number that can be found on the title document, the vehicle registration, and on the insurance policy. The VIN can also be located at the following locations on the car itself: On the driver’s …

its really simple to #runtheVIN

Where can I find my VIN? Your vehicle’s unique Vehicle Identification Number (VIN) is a 17-digit number that can be found on the title document, the vehicle registration, and on the insurance policy. The VIN can also be located at the following locations on the car itself:   On the …

smart car buyers always @runtheVIN

Where can I find my VIN? Your vehicle’s unique Vehicle Identification Number (VIN) is a 17-digit number that can be found on the title document, the vehicle registration, and on the insurance policy. The VIN can also be located at the following locations on the car itself: On the driver’s …

dmv inspectors will ask for a vehicle history on each vehicle sold

salvage title cuts the price in half ( dont get the salvage title surprize )

OFAC compliance means checking each buyer on the terrorist watch list

OFAC Compliance in the Auto Industry: Is Your Dealership Prepared? Check prospective buyers against the SDN list to ensure full OFAC compliance.   If someone were to ask you what you think is most important when owning an auto dealership, what would you say? Building a solid, effective sales team? …

car dealers must be careful NOT to swipe a buyers drivers license

The California driver’s license looks very similar to a plastic credit card with a magnetic “stripe” on the back. The “stripe” holds information which can be read by special scanners. Currently the information on the stripe is the same as the front of the license. It can be used by …

our instructors are ready to get you licensed as a california used car dealer

TriStar Motors LLC Directory Office 800-901-5950 Fax 888-948-1795 Email admin@gotplates.com Mailing Address, Teaching License DMV CCC0004 Post Office Box 883, Aptos, CA, 95001 Retail Sales Location, Dealer License 35862 454 Talbert, Daly City, California, 94014 Instructors Joseph Weatherman            415-730-3131 Azita Rezaei                           415-730-3137 Jorge Elizalde                        209-985-0426 Mike Ramos                           714-797-5780 Sony Duong                          …

car dealer DATA BREACH requires immediate red flag rules response

Red Flag Response The red flag compliance officer must evaluate which red flags have the greatest potential and prioritize verification and action policy when red flag detection occurs. +++ The first step in good identity theft detection is obtaining good documentation regarding the identity of the customer opening a “covered …

make sure your car dealer bad loan collections are FTC compliant

How the FTC’s “Operation Collection Protection” Affects Car Dealerships “Operation Collection Protection” targets illegal debt collection practices across the country. Is your dealership in compliance? You are undoubtedly familiar with the Federal Trade Commission, aka the FTC. The FTC is the government agency that works on behalf of consumers to …

make friends at every car dealer auction

5 Auto Auction Tips for BHPH Dealers Motivated BHPH dealers can increase and improve their used inventory by putting these essential auto auction tips into action As a Buy Here, Pay Here (BHPH) auto dealer, you fill an important void in the industry. For individuals who can’t just walk into …

auction access + car dealer license plates requires full coverage used car dealer insurance

COMMERCIAL INSURANCE SERVICES General Liability – Commercial Property – Garage Liability – Commercial Auto – Umbrella & Excess Worker’s Compensation – Professional Liability – Medical/Healthcare – Ocean Marine Since 1985 we have provided affordable premiums with the correct coverage for various business entities throughout California. We are experts in “problem …

#sandiego VIN verification services

we offer vehicle verifications at our licensed location $25 per vehicle bring your documents out of state verification out of record verification TriStar Motors LLC Richard   415-377-4143 sfvinverifier@gmail.com +++ Azita   415-730-3137 +++ Elizabeth   408-761-0107 +++ Jorge   209-985-0426 +++ Iris   619-933-6112 +++ Scott   619-807-6652 +++ Sonia …

how to file a dmv complaint against a california used car dealer

Record of Complaint Form INV 172A   Record of Complaint Form (INV 172A) (PDF) Information about this form Filing a Complaint with the Department of Motor Vehicles You should know that DMV has limited resources to review and catalog these complaints. Your information will be reviewed by Investigations and Audits …

private party CAR BUYERS are buying blind…run a salvage title check + recall check

  NHTSA VEHICLE RECALL CHECK

paying overtime to your licensed salesperson

 BY LAWRENCE MILES   The California Court of Appeal has sided with CarMax in a key decision involving the “sales commission” exemption to California’s overtime law.   In Areso v. Carmax, Inc., the Court held that a pay plan that had a base payment plus “commissions” of about $150 per vehicle sold satisfied the exemption requirements. California law …

ALWAYS #runtheVIN + check for NHTSA vehicle recalls

Where can I find my VIN? Your vehicle’s unique Vehicle Identification Number (VIN) is a 17-digit number that can be found on the title document, the vehicle registration, and on the insurance policy. The VIN can also be located at the following locations on the car itself: On the driver’s …

ALWAYS #runtheVIN + check for NHTSA vehicle recalls

Where can I find my VIN? Your vehicle’s unique Vehicle Identification Number (VIN) is a 17-digit number that can be found on the title document, the vehicle registration, and on the insurance policy. The VIN can also be located at the following locations on the car itself: On the driver’s …

make friends at every car dealer auction

5 Auto Auction Tips for BHPH Dealers Motivated BHPH dealers can increase and improve their used inventory by putting these essential auto auction tips into action As a Buy Here, Pay Here (BHPH) auto dealer, you fill an important void in the industry. For individuals who can’t just walk into …

make sure you understand the lemon law

The Federal Lemon Law: How Well Does Your Dealership Understand the Rules? Only dealership customers with warranties are protected under the Federal Lemon Law. You undoubtedly take a lot of pride in your dealership and the inventory you offer. However, whenever you are selling cars — especially used cars — …

used car dealers must make sure to follow the federal lemon law

The Federal Lemon Law: How Well Does Your Dealership Understand the Rules? Only dealership customers with warranties are protected under the Federal Lemon Law. You undoubtedly take a lot of pride in your dealership and the inventory you offer. However, whenever you are selling cars — especially used cars — …

every california licensed used car dealer must present a dealer bond to the dmv

we call the dealer surety bond a pretty pot of gold that you must create and present to the dmv it is a promise to three agencies of state government the bond has a 12 month coverage period with a three year claims period for example: 2017 sales are covered …

retail used car dealer sales preparation now requires vehicle history + NHTSA vehicle recall check

What’s inside the vehicle history report? The vehicle history report compiles all available records related to your VIN into a single report. It includes: Detailed vehicle specifications Current and history title records Reported odometer readings & issues Checks across 60+ potential title brands The date and entity for title brands …

the most complete up to date car dealer vehicle history reports @runtheVIN

Where can I find my VIN? Your vehicle’s unique Vehicle Identification Number (VIN) is a 17-digit number that can be found on the title document, the vehicle registration, and on the insurance policy. The VIN can also be located at the following locations on the car itself: On the driver’s …

subscribe to the dmv website alert system

DMV WEBSITE ALERT SYSTEM NHTSA VEHICLE RECALL CHECK

how to order dmv forms for used car dealer paperwork

+++++ · Label a thick 3 ring binder as your dealer book. This book will hold for all updates sent by the DMV, all ROS forms you might have to void & your broker log. +++++· For registration forms: How to Order Forms in Bulk Quantities Requests must be submitted …

how to file a claim against a california used car dealer bond

Record of Complaint Form INV 172A   Record of Complaint Form (INV 172A) (PDF) Information about this form Filing a Complaint with the Department of Motor Vehicles You should know that DMV has limited resources to review and catalog these complaints. Your information will be reviewed by Investigations and Audits …

check the status of any car dealer license in the dmv database

Occupational License Status Information System Welcome to the DMV Online Occupational License Status Information System Changes to Occupational Licensing information are updated daily This system offers information for these business categories: ATV School Dismantler Distributor Driving School Lessor-Retailer Manufacturer Registration Services Remanufacturer Traffic Violator School License Traffic Violator School Provider …