Archive August 2022

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TxDMV Licensing Renewal Lags & New Fingerprinting Requirements

On June 30, 2022, the Texas Department of Motor Vehicles adopted rules requiring certain new applicants and existing dealer license holders to be fingerprinted (43 Tex. Admin. Code § 211.6). Applications submitted on or after September 1, 2022, are subject to the new fingerprint requirement.

As Texas Endures Flood, Salvage Issues Remain

This month, the Dallas-Forth Worth area experienced heavy rain and flash flooding that caused extensive damage. Governor Greg Abbott directed the Texas Division of Emergency Management to increase the readiness level of the state’s emergency operations, and the National Weather Service Forth Worth reported that this was the heaviest rainfall in the area on record since 1932. It is all starting to feel like a broken record. Every year around this time, TIADA reminds dealers of the vulnerabilities that exist immediately after ANOTHER flood devastates the Texas and Louisiana coast. In this article, we will look at the process an insurance company and an individual are required to take when a vehicle is determined to be salvageable or nonrepairable due to flood.

Should Dealers Continue ACH Payments When a Customer Files for Bankruptcy?

A dealer recently reached out to TIADA’s compliance consultation service because a customer on automatic payments filed for bankruptcy and they were unsure if they should continue the automated clearing house (ACH) payments that the customer had asked for prior to the bankruptcy.

TIADA’s Legislative Agenda and Policy Efforts

One of the most critical functions of any trade association is ensuring its members’ voices are heard by the government, and TIADA takes this responsibility seriously. Right now, TIADA is working towards putting together our final legislative agenda, meeting with other interested stakeholders, attending state agency hearings, and signing onto an important court brief. Below are a few recent policy efforts TIADA is working on this year.

Employee Theft Is More Common Than You Think

By Amanda S. Butler, CPA
Butler & Sanchez Certified Public Accountants

At the start of my career, I thought the same way you do now – that employee theft was rare, difficult to commit, and a criminal act most people would not participate in. After all, most people are not criminals, right? But after bearing witness to long-time friends stealing from friends, brothers stealing from brothers, and 6-figure employees stealing from their bosses (none of whom were “criminals”), my thoughts on employee theft are very different. Now I know the truth –

How to Handle Personal Property During Repossessions

One of the realities of repossessing motor vehicles after a default by the debtor is that vehicles have usually not been cleared of personal effects prior to repossession. The proper handling and disposing of personal property found in repossessed units is an important part of being compliant with state statutes, regulations, and the terms of the motor vehicle retail installment contract.

2022 TIADA Award Winners Announced

TIADA announced the winners of several awards at the 2022 Conference and Expo, held at the Kalahari Resort in Round Rock from July 24 to July 26. The Awards Banquet is always one of the more memorable events at the Conference, and this year was no exception. The awards ceremony closed what was the largest conference in TIADA history.

Recapping the 2022 TIADA Conference and Expo

The 2022 TIADA Conference and Expo was the largest in association history, building off the success of the 2021 Conference. Over 320 dealers attended the event, which again took place at the Kalahari Resort in Round Rock, from July 24-26 this year. The event was highlighted by a packed educational agenda, some upgrades to the agenda, and several heartfelt moments at the Awards Banquet on Tuesday night.