NADA Fair Credit Guidance

NADA has announced an optional program designed to strengthen a dealer's ability to comply with fair credit laws while preserving the competitive benefits of dealer-assisted financing.

 


It is essential that dealers read the caveats and disclaimers contained within the downloadable documents below and consult with their counsel when making decisions related to fair credit compliance. 

Downloads:
NADA/NAMAD/AIADA Fair Credit Compliance Policy & Program
The editable version of NADA’s Fair Credit Compliance Program (Word .doc) that dealers can tailor to their needs (disclaimer approval required)
NADA/NAMAD/AIADA Fair Credit Compliance Policy & Program at a Glance (a general overview)
The memo announcing the program
Our Commitment to Fair Credit
NADA article entitled Managing Pricing Discretion in Credit Transactions
NADA article entitled The Fallacy of Flats
Attorney testimonials regarding the NADA/NAMAD/AIADA Fair Credit Compliance Policy & Program