Online Financing and eContracting

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L61Today’s online tools make the sales and lease process more efficient for dealers and consumers alike. This guide addresses an important part of that online process: electronic contracting, or eContracting. The guide discusses both in-dealership and remote eContracting, together with the corresponding best practices to help dealers manage compliance obligations. The guide also provides basic information on beginning the online process and applying for credit; vehicle delivery with online sales; and post-sale assignment, distribution and funding.

Tags: L61, Driven, Driven Management Guide, electronic contracting, eContracting, online sales, financing, chattel paper, ESIGN Act, ESIGN Consent, digital retailing, credit, Truth in Lending Act, Consumer Leasing Act, Regulation M, Regulation Z, Red Flags Rule, credit aggregation system, UCC Article 9, Cooling-Off Rule, #MemberBenefits, #DrivenGuides

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