F&I - Compliance
The Power of One | Cox Automotive
Safeguard your dealership
from fraud, fines, and audits.
Create a compliance process that protects every deal, helps you know your
customers - and keeps you audit ready.
Auto loan fraud exposure for
top US auto lenders
1
Maximum per violation for
certain FTC regulations
2
$
7.7 B
$
46 K
1
Point Predictive 2022 Auto Fraud
Trends Report
2
16 CFR1 as of January 10, 2022
Dealerships are required to retain deal-related documents for the state
mandated time, whether or not a consumer makes a purchase.
Adverse Action Notices are a dealership's responsibility for all unsold
customers, regardless of any notice the lender may send.
Most credit bureaus do not verify customer identities - dealerships
must do their due diligence to clear Red Flags and OFAC alerts.
What you don't know about compliance can cost you:
$
