Posts Tagged ‘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 More
What 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 More
TxDMV Announces Redesign of Temporary Tags to Prevent Fraud
Texas Department of Motor Vehicles (TxDMV) Texas Temporary Tag Administration: Since the end of the 87th Legislative Session, the Texas Department of Motor Vehicles (TxDMV) has taken action to curtail and prevent the fraudulent production of, access to, and use of temporary tags and timed permits. Implementation of House Bill 3927 allowed the department to…Read More
FTC 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 More
Data Breach? Report it.
Texas law requires certain businesses that experience a data breach of system security to notify affected consumers AND also to provide notice of that data breach to the Office of the Texas Attorney General if the breach affects 250 or more Texans. Effective September 1, 2021, the notice you provide to the Texas Attorney General…Read More
FTC Safeguards Rule: What Your Business Needs to Know
From the Federal Trade Commission… As the name suggests, the purpose of the Federal Trade Commission’s Standards for Safeguarding Customer Information – the Safeguards Rule, for short – is to ensure that entities covered by the Rule maintain safeguards to protect the security of customer information. The Safeguards Rule took effect in 2003, but after public comment, the…Read More
Unraveling 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…Read More