Compliance Risk Assessment
As part of its Compliance Management System (CMS), using a circular approach and observed best practices, gvo3 & Associates:
- Conducts an exhaustive analysis of the dealership’s present Sales and F&I operating processes and procedures
- Performs an in-depth review of all dealership forms (including Reg Z, Reg B and Reg M reviews) used in the Sales and F&I processes
- Reviews the dealership’s Safeguards program for sufficiency and conducts the initial audit as required by the FTC
- Reviews the dealership’s Red Flag Rule program for sufficiency and conducts the initial audit as required by the FTC
- Authors the dealership’s F&I policy and procedure manual
- Offers training for F&I and Sales personnel, concentrating on the policy and procedure manual the dealership has implemented.
- Discussions include F&I and Sales practices that are considered compliant in light of today’s litigious climate surrounding potentially deceptive practices
- Delivers a roadmap enabling a dealership to improve its Sales and F&I litigation defense, including a new employee training guide
- Offers audit training to dealership’s office staff, using a standardized checklist. We discuss the numerous issues facing dealerships
today so they know what to look for when conducting their own reviews - Provides strategy implementation and a tertiary audit process of deal jackets and Safeguards program
- Coordinates industry certification through The Institute for Ethical Behavior