Legal Expert Rings in the Holidays With ‘12 Days of Dealership Compliance’, from Auto Dealer Monthly.
Based on recent developments, it’s obvious government regulators are active this holiday season. So to help ring in this season of regulatory compliance, AutoStar Solutions’ Chief Legal Officer Steve Levine offers his “12 Days of Dealership Compliance.”
“The government crosshairs on auto dealers is not going away. In fact, it’s only intensifying,” Levine said. “For dealers big and small, the threat is real, and so is the learning curve. This 12-step checklist will give dealers the starting points they need to keep the big government Grinch at bay.”
DAY 1: Document the pertinent facts. Protect your dealership from the start, when facts are fresh on your mind and you don’t have to rely on memory. Keep detailed notes about the transaction, negotiation process and customer. They may come in handy later.
DAY 2: Keep a centralized compliance manual. Type out all your processes, procedures and other compliance-related documentation, then compile them in a large three-ring binder. If a regulator pays your store a visit, this book should be one of the first things you show him or her. It’s a clear sign that you understand the importance of compliance, and you’ll get big points for effort.