McLean, Va. (July 24, 2008) — In response to the Federal Trade Commission (FTC)’s new Red Flags Rule—under which most dealers and other creditors must develop and implement a comprehensive Identity Theft Prevention Program by Nov. 1—NADA Management Education has released a new guide to assist with U.S. dealer compliance.
A Dealer Guide to the FTC Red Flags and Address Discrepancy Rules: Protecting Against Identity Theft (L50) explains the requirements under the Rule, and includes detailed, step-by-step guidance on developing the written program required under the Red Flags Rule, as well as a sample written program, worksheets and other helpful materials.
It also explains the FTC’s Address Discrepancy Rule, with which dealers must also comply by Nov. 1.
All members will soon receive one free copy of the full guide in the mail. Additional copies of the guide, as well as a PDF version, are available to members for $40 each. The guide is also available to nonmembers for $80 each.
The sample written program is also being made available to members—free upon request, subject to terms and conditions—as a Word document to aid dealers in developing written programs specific to their dealerships in advance of the compliance deadline. To receive these materials, contact me@nada.org with your request and member identification number.
The guide also will serve as the basis for two virtual seminars on the Red Flags Rule. Register for the seminars, to be held twice—Aug. 26 and Sept. 23—at www.nada.org/seminars, or call (800) 248-6232, ext. 7061.
For further information, visit the NADA Management Education online catalog at www.nada.org/mecatalog or call NADA Management Education at (703) 821-7227.
The National Automobile Dealers Association, founded in 1917 and based in McLean, Va., represents more than 20,000 franchised new-car and -truck dealers holding nearly 43,000 separate franchises, domestic and import.
Contacts:
David Hyatt
Vice President, NADA Public Affairs
(703) 821-7120
dhyatt@nada.org
Charles Cyrill
Director, NADA Public Relations
(703) 821-7121
ccyrill@nada.org