"there are several legal rulings out now that have established case law stating that it does not matter that the lender is sending out the adverse action letters but the dealer must as well since the dealer is the one initiating the transaction and…"
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Terry Dortch's Page
Latest Activity
Terry Dortch replied to Irwin Toyota Ford's discussion Websites"Stone Meta 815-333-3332 ask for Rob"
Terry Dortch replied to jason h's discussion aftermarket warranty"these guys are very good
http://dealershipdevelopment.com/
"
Terry Dortch replied to Kevin K's discussion Looking For A Craigslist Posting Service?"Kevin,
Our company specializes in CraigsList postings. We are a social media company that handles all social media/web based presence for our clients.
Please call 815.333.3332 for more information on our services. We'd love to…"
Terry Dortch replied to Kourtney Brown's discussion Who do you use for Gateway Security & Monitoring?"Kourtney,
my company offers a 24/7 managed gateway using SIEM monitoring and a systems engineer at the helm the entire time. check us out at www.compliantnow.com
"
Terry Dortch replied to Irwin Toyota Ford's discussion facebook likes"That's a great idea Julie. My question is how do you determine which employee got the most LIKEs? Does Facebook provide some type of app that can track who referred you? Thanks!"
Terry Dortch posted a blog postAutomotive Compliance Consultants is Looking for Talent
I am looking to fill four consulting positions in the following territories:Co , UT, AZTX, NM, OKNY, NJ,WA, OR, IDThese are commissioned positions with the potential of $150,000 plus for the right individual we have been in business since 2003 and have become one of the leading companies in our field. just go to our site www.compliantnow.com . Please send all inquiries to info@compliantnow.com .See More
Terry Dortch commented on Nancie Pajan's blog post Risk Based Pricing Rule"The Risk based Pricing rule can be very confusing but here is the cliff notes version. the dealer has the choice to use one of two different notices the first being the Risk Based Pricing Notice which is given to the bottom 60% of your customers as…"
Terry Dortch replied to Mike Bradfield's discussion Adverse Action Letters"The credit statement is the form filled out by the consumer that becomes the application for credit along with the defined terms of the sale. the bureau is the list of trade lines, credit score and other pertinent personal credit information…"
Terry Dortch replied to Mike Bradfield's discussion Adverse Action Letters"the actual Federal ruling is 60 months for all credit statements since the statue of limitations was extended from 25 months to 60. this does not mean that you should keep all the supporting documentation in a lot of situations less is better…"
Terry Dortch replied to Mike Bradfield's discussion Adverse Action Letters"Randy you are correct except for the fact that the FTC does allow for oral or emailed distribution and actually an emailed copy with a confirmation is a better proof that it was read than regular mail since for all you know it could get lost or…"
Terry Dortch replied to Mike Bradfield's discussion Adverse Action Letters"Just so everyone is clear whether you are a franchise dealer, an independent, or a BHPH dealer all are required to issue an adverse action letter if an adverse action occurs ie: a decision not to send the application to a lender, a mdification of…"
Terry Dortch replied to Mike Bradfield's discussion Adverse Action Letters"Yes you can email it you can even deliver it verbally if you want but there is no evidence that you complied so if you email do it with a read receipt and an actual confirmation from the customer that it was read. direct quote from the FTC…"
Profile Information
- Company
- Automotive Compliance Consultants Inc
- Position
- President CEO
- Dealership, Allied Industry or Finance Company?
- Allied Industry
- If Dealership, Franchise or Independent
- Not Applicable
- Your web site
- http://www.compliantnow.com
- Biography/Work Summary
- 28 years Automotive experience both in Retail as well as being a vendor. have held every position in a delership except service manager.
- Favorite Quote
- "everyone wants to go to heaven but no one wants to die"
- Activities Away From Work
- Scuba Diving, Golf
- Birthday
- October 10
Terry Dortch's Blog
Automotive Compliance Consultants is Looking for Talent
Posted on January 13, 2011 at 5:58pm 0 Comments 0 Likes
I am looking to fill four consulting positions in the following territories:
- Co , UT, AZ
- TX, NM, OK
- NY, NJ,
- WA, OR, ID
These are commissioned positions with the potential of $150,000 plus for the right individual we have been in business since 2003 and have become one of the leading companies in our field. just go to our site www.compliantnow.com . Please send all inquiries to…
ContinueComment Wall (3 comments)
- At 10:23am on June 22, 2009,
Marla R Cardenas said… - That is outstanding!!! Remember me when they start the ebay bid on your autograph.... lol I will call u during the week to do lunch if you are in town! Lets get Stepler to join us too!
- At 9:58am on June 22, 2009, Marla R Cardenas said…
- Chello old friend.... very nice pic... How is Biz?
- At 9:14am on April 15, 2009,
Russ Radant said… - I have officially joined
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