With sales declining, and credit denials rising, it's never been more important than now to protect the dollars that do come in the door. Case law has clearly established that Automotive Dealers are "participating creditors" and ARE NOT compliant unless they send out their own notices on their own behalf. Simply relying upon the notices lending sources may choose to send out is not enough. These lending sources are covering themselves only, NOT the dealer! 1st Stop has created a completely automated turnkey Adverse Action notice system for your Dealership's needs. Through our proprietary technology solutions, 1st Stop is able to receive the required information and ensure notices are automatically sent, tracked, securely stored and readily retrievable for up to seven years in case of compliance audits, plaintiff's attorneys’ requests, or worse. 1st Stop "shakes hands" (integrate & receive/transmit) with all DMS's.
FTC IDENTITY THEFT RED FLAGS RULES
The FTC has released the final identity theft prevention "Red Flag Rules", which call for financial institutions and creditors, including dealerships being "participating creditors", to adopt written identity theft prevention programs by Dec 31, 2010. 1st Stop offers a comprehensive Red Flags ID Verification solution through our partner AutoCompli.com. (Be sure to mention promo code: OneStop for special pricing)
NOI (NOTICE OF INTENT To Dispose)
In these tough economic times consumer loan default rates are climbing higher by the day. Plaintiff's attorneys will be working even harder to find any weak link in your repossession process. Don't allow the vital NOI to be that loophole! 1st Stop is able to easily receive the required information, from either you or your assigned repossession agent, and ensure the NOI is immediately and automatically sent, tracked, securely stored and readily retrievable for up to seven years in case of compliance audits, plaintiff's attorneys’ requests, or worse. Please contact us directly for further NOI program details, as price varies upon different state and local requirements.
Thank you for your interest!
To to PROGRAM INFO page now to see an overview of the program and enroll.