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

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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.

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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.

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