F&I Manager’s Guide to the Red Flags Rule

This do-it-yourself version of the turnkey program gives you instructions on creating your dealership’s program and training personnel and comes with the supplies you need to get started. The guide makes it easy to write and implement a Red Flags Rule program with minimal disruption to your established systems.

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→ $125 plus shipping, handling and applicable taxes

What's Included?

Written Red Flags program in 5 steps!

1. Review the instruction manual to learn about the Red Flags Rule and what type of program you should have in place

Section one (17 pages) gives you a brief overview before you begin.

2. Following the easy instructions, create a custom Identity Theft Prevention Program (ITPP) by typing directly into the Word document on your CD

The complete program (also printed in section two) is available on the Policy and Program Templates CD included with your guide. The template is in .doc format for easy editing. If you find a change you need to make, just put the cursor in that section and delete or type new text. You can save the modified document to your computer.

3. Have the finished template reviewed and signed off (in writing) by your corporate counsel and board of directors

Following the instructions in the program guide, your board of directors and your corporate counsel should review it to ensure it covers everything. Your attorney and board of directors should request any changes they think are necessary, then sign off (in writing) on the finished program.

4. Train your personnel

Using the job descriptions and other relevant text included in the guide, educate all affected personnel on the overall purpose of the rule and their specific role in implementing your program.

5. Implement and abide by the ITPP

The ITPP only works if you actually implement and abide by it – and if the FTC does audit your dealership, just handing them a printout of your program won’t suffice. After your employees are trained, it is vital that the Corporate Compliance Officer ensure they follow it to the letter during each and every transaction.

Order now! You’ll need one guide for each store.*

* For the purposes of Red Flags Rules Guide, a “store” is each dealership that requires its own in-store compliance officer (typically, every dealership operating in a single location).