NADA to Provide Members with Free Red Flags Educational Guide

NADA to Provide Members with Free –Red Flags” Educational Guide

Dealers and other creditors and financial institutions must comply with the FTC Red Flags Rule by Nov. 1, 2008. To assist dealers with this new requirement, NADA will mail to its members a free educational guide by August 1, 2008 that will explain dealers’ responsibilities under the new rule and provide a template to assist dealers in preparing the required written Identity Theft Prevention Program. Additional information will be available from fee-based webinars that NADA will conduct from 1-3 pm EST on August 26, 2008 and Sept. 23, 2008 (registration information will be announced soon).