Pub. 5 2015 Issue 1

17 Protect your business and reduce your risk of violating regulations with LAW® F&I Compliance Documents from Reynolds Document Services. © 2014 The Reynolds and Reynolds Company. All rights reserved. Printed in the U.S.A. 6/14 » Standard Forms » Common Defenses » Managed Risk » Streamlined Processes To learn more about LAW Universal Document Solutions, contact your local Reynolds Document Services Consultant, call 800.344.0996 , or email ids_mktg@reyrey.com . ® The Brand You Can Trust and (iii) where the two differ, the allowable business reason for deviating from the SDPR. • Ensure that the PC or his or her designee reviews the form to ensure it was properly completed. If it was not, have the PC take necessary corrective action. (The reviewer should not have been involved in the transaction.) Step 6 Establish the training, oversight, and reporting tasks that the PC must complete to ensure the Program is faithfully executed. This includes identifying the documentation that the employee making the credit offer must retain to support a deviation from the SDPR. Maintaining the NADA Program As with any regulatory compliance program, ensure the dealership’s Fair Credit Compliance Policy & Program is con- tinuously carried out and adjusted as necessary to meet its ob- jective of strengthening the dealership’s efforts to comply with fair credit laws.  The NADA Fair Credit Compliance Policy & Program is available as a pdf and the template program is available in MS Word format at www.nada. org/faircredit. Review the publication in full (including the disclaimers and limitations associated with the Program) and consult with the dealership’s legal counsel before deciding whether and how to adopt the Program. ENVISION THE FUTURE Plan for a new generation of owners under the guidance of experienced professionals who understand your dealership. Wealth Advisory Outsourcing Audit, Tax, and Consulting Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor. ©2015 CliftonLarsonAllen LLP Chris Beaulieu | 630-573-8600 Todd Davis | 217-442-1643 CLAconnect.com/dealerships