Paperwork & Compliance
HB 3861: Enhancing Efficiency in Title Applications for Dealers
The Texas House of Representatives recently passed House Bill 3861 (HB 3861), which is now awaiting approval in the Senate. If this bill passes, it will mandate the use of webDEALER, an online platform, for processing most title applications by dealers. The introduction of webDEALER aims to streamline the paperwork process at local tax offices,…
Read MoreWhat Does A Reasonable Information Security Program Look Like? June 2023 Deadline Is Looming.
Section 314.4 of the Safeguards Rule identifies nine elements that your company’s information security program must include. Let’s take those elements step by step. a. Designate a Qualified Individual to implement and supervise your company’s information security program. The Qualified Individual can be an employee of your company or can work for an affiliate or service provider. The person doesn’t need…
Read MoreFTC Extends Deadline by Six Months for Compliance with Some Changes to Financial Data Security Rule
Financial institutions covered by the Safeguards Rule must comply with certain provisions by June 9, 2023 The Federal Trade Commission announced on November 15, 2022 that it is extending by six months the deadline for companies to comply with some of the changes the agency implemented to strengthen the data security safeguards financial institutions must…
Read MoreUnraveling Form VTR-271-A: The Brown POA
This article came from our good friends at the Texas Independent Automobile Dealers Association. We felt it was extremely valuable information, as so many powersports dealers have questions regarding the Brown POA. To begin, a dealer recently called the compliance consultation service with a question about how to complete the VTR-271-A, also referred to as…
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