Archive December 2021
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Can an Independent Auto Dealer Accept a Motorcycle or Trailer As a Trade?The TIADA Compliance Consultation Service received a call from a dealer who asked about motorcycles. Specifically, the dealer asked if an independent auto dealer can accept a motorcycle as a trade.
The short answer is yes. A dealer may take into account the fair market value of a motorcycle and apply the same to a retail installment contract. The same is true for trailers. However, a dealer may not sell the motorcycle or trailer to a retail customer unless that dealer has a separate GDN that entitles that dealer to sell motorcycles or trailers.
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Protect Your Dealership's Ability to Print Temporary TagsCriminals have been fraudulently obtaining independent dealer licenses to sell temporary tags. This fraud has caused increased scrutiny for legitimate uses of temporary tags and prompted the passage of HB 3927. TIADA recently commented on the proposed rules related to HB 3927 and is working to ensure dealers maintain temporary tag access. It is more important than ever for dealers to make sure they remain compliant when it comes to issuing tags. TIADA recommends taking a moment to look at your dealership’s policies related to temporary tags to ensure best practices are being followed. Here are a few of our recommended best practices:
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The Federal Cyber Security and Infrastructure Security Agency Reminds Businesses to Stay Vigilant Against Threats During Holidays and WeekendsThe Federal Cyber Security and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) are reminding critical infrastructure partners that malicious cyber actors aren’t making the same holiday plans as you. Recent history tells us that this could be a time when these persistent cyber actors across the world are looking for ways—big and small—to disrupt the critical networks and systems belonging to organizations, businesses, and critical infrastructure.
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