Archive May 2022
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Required Training for the FTC Safeguards Rule: An Affordable Option
The Dealer Education Portal was launched to help dealers across the country address some of the new FTC requirements.
May 2022, Austin—The Texas Independent Automobile Dealers Association (TIADA) launched the Dealer Portal to educate automobile dealers across the country and develop an affordable way to address some of the new requirements found in the FTC amended Safeguards Rule.
Complying with the FTC's Used Car Rule: The Buyers Guide
The Buyers Guide has two versions: One says, "As Is-No Dealer Warranty;" the other says "Implied Warranties Only." Here in Texas, you should use the one that says, “As Is-No Dealer Warranty.” Often dealers will sell a vehicle without it being As Is-No Dealer Warranty. Below, you will find some of the common questions dealers have related to the disclosure of a warranty and the FTC’s guidance.
Dealer Ticketed for Temp Tag Personal Use
Recently, we received a call to the TIADA Compliance Consultation Service. The dealer who called had an employee using a temporary tag to take paperwork to the local tax office and was stopped by law enforcement. TIADA believes these interactions with law enforcement will likely continue to increase as law enforcement combats fraudulently issued temporary tags.
No Catalytic Converter. No Sale
The theft of catalytic converters is on the rise. Because of this, it is especially important to understand that it is illegal in Texas to sell a vehicle without the catalytic converters installed. Texas law prohibits any person from selling, offering for sale, leasing, or offering to lease any vehicle not equipped with all emission control systems or devices in good operable condition. Violators are subject to penalties under the Texas Clean Air Act of up to $25,000 per violation. Buyers are advised to have the vehicle checked for all required emission control devices prior to purchasing a new or used vehicle.