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Welcome to the Illinois Independent Auto Dealers Association

Compliance

Listing of all regulatory compliance resources for you.

Compliance

Apr09

The Importance of having a Privacy Policy on your website

Categories // Compliance, Recent News

The Importance of having a Privacy Policy on your website

privacy policy is one of the most important documents on any website. It details your company's views and procedures on the information collected from visitors. 

Feb14

GRAMM-LEACH-BLILEY ACT

Categories // Compliance

Privacy and Safeguards Rule

WHAT DEALERS NEED TO KNOW…..

This act has been created to ensure that automobile dealers protect the confidentiality of customer information. According to this act, dealers must adhere to the following policies.

Jan01

Buyers Guide Gets a Tune-Up

Categories // Compliance

By Daniel J. Laudicina

After enough fits and starts to make a 1971 Ford Pinto with a bad timing belt look like a high performance vehicle by comparison, on November 18, 2016 the Federal Trade Commission published its Final Rule amending the Used Motor Vehicle Trade Regulation Rule ("Used Car Rule").

Dec19

THE DODD-FRANK ACT

Categories // Compliance

What dealers should know

“Dodd-Frank” amended the Fair Credit Reporting Act to require car dealers to provide the actual credit score used to help make the credit decision to consumers in an adverse action notice. Congress gave the Federal Trade Commission (FTC) more authority and a mandate to regulate dealers for unfair and deceptive acts and practices. This allows far closer scrutiny of menu sales as well as how the “deal” is penciled from sales to the tower!

Jan25

Legal Reminder: Illinois Department of Revenue Offers Relief from Failure to File Penalty

Categories // Compliance

The Illinois Automobile Dealers Association met with the Illinois Director of Revenue, Connie Beard, and members of her senior staff to discuss the issue of motor vehicle dealers who received large penalties for failure to file tax returns for tax-exempt motor vehicle transactions, despite the lack of an informational bulletin to dealers explaining the Department's new statutory penalty.

Jan05

2019 DOCUMENTARY FEE: $179.81

Categories // Compliance

The maximum allowable documentary fee for 2019 will be $179.81. The "doc fee" is subject to Retailers' Occupation Tax as part of the gross receipts from the sale of a vehicle.