Category: Legal/Regulatory Alerts

ALERT: Update on Military Lending Act

December 22, 2017

Recently the Department of Defense (“DOD”) issued new guidance as to what sorts of transactions are covered by the Military Lending Act (“MLA”) stating that any credit transaction that finances the vehicle along with “any credit-related product or service” such as GAP, credit life insurance, credit accident and health insurance, or other

Read More

ALERT: Latest Compliance Information – Know the Rules

Latest Compliance Information on Advertising, Damage Disclosures, Dealer Fees, GLB & Safeguard Rule, New Buyers Guide – FTC Used Car Rule, Changes in Out of State Resident Sales Tax, Roger’s Case Reminder, and important documentation need on Sales for Resale.

Read More

ALERT: Sales for Resale

To be tax exempt, the burden of proof rests with the seller, who must retain the required documentation to support the exempt sale.

Read More


Information provided on the website is designed to be accurate and authoritative, with respect to the subject matter covered. It is provided with the understanding that FADA is not engaged in rendering legal services.  If legal advice or other expert assistance is required, the services of a competent professional should be sought.