HUDSON, Mass. — The New England RV Dealers Association (NERVDA) is offering Ally’s Legal Awareness and Compliance Class with ECOA Certification Nov. 15 and Nov. 15, with two classes running from 9:30 a.m. to Noon and 1 p.m. to 3:30 p.m. each day.
The 2 1/2 hour class covers your entire dealership, including advertising/marketing, sales, desking, F&I and after-sale engagement. It will help participants get a better understanding of how their current day-to-day sales and finance processes could be exposing their dealership to risk. Discussions will drill down to each employees’ job duties and provide action items to ensure each participant is aware of his/her role in dealership compliance.
This training, reports NERVDA, is important for every dealership because it can save them money. The government won’t accept an “I didn’t know” answer if your dealership is found in violation of consumer finance laws, protection of confidential personal identification information, or mishandling of the paperwork associated with a financial transaction in your business.
Non-compliance fines can range from $40,000 to $1 million or more, depending on the type of violation. There is also the cost of a damaged reputation after the fact.
NERVDA is partnering with Ally to bring this important training class to the Northeast. All registration is being handled by Ally, and participants will be invoiced after the event.
Trainees will receive Ally’s Equal Credit Opportunity Awareness Certification and a certificate of class completion.
Register for the training at Ally.
Contact Sheree Rotterman of Ally at (716) 341-4670 with questions or if you encounter any trouble during the registration process.
SOURCE: New England RV Dealers Assocation