Risk Assessment - Global F&I Solutions

Welcome to your Risk Assessment

Use This Quick Self-Assessment Quiz to Get a Snapshot of Your Organization’s Ability to Meet Regulatory Compliance Standards.

Gauge your level of risk preparedness and prevention. This quiz will help you understand your organization’s competencies as well as any shortcomings meeting the various regulatory requirements which may affect your dealership.

Introduction for Risk Assessment:
Please answer each question to determine your dealerships potential risk in the following areas: F&I, Sales, BDC, Accounting, Service and Parts.

Dealership Name

Agent Name

Agent Email

Phone

Title

AGENCY NAME

Your Name

Your Email

GLB

DO YOU USE THE FTC BOILERPLATE FOR YOUR PRIVACY POLICY?*

Yes

No

DO YOU HAVE A QUALIFIED SINGLE INDIVIDUAL NAMED TO OVERSEE YOUR DEALERSHIP’S INFORMATION SECURITY PROGRAM?

Yes

No

HAVE YOU CONDUCTED AN AUDIT OF YOUR SAFEGUARD POLICY/PROCEDURE IN THE LAST 12 MONTHS?*

Yes

No

DO YOU CONDUCT PHISHING TESTS AS PART OF YOUR STAFF’S SECURITY AWARENESS TRAINING?

Yes

No

DO YOU OVERSEE YOUR SERVICE PROVIDERS FOR HOW THEY PROTECT YOUR CUSTOMER'S INFORMATION?*

Yes

No

OFAC

DO YOU CHECK ALL CASH, FINANCE AND LEASE CUSTOMERS AGAINST THE OFAC LIST BEFORE YOU COMPLETE THE DEAL?*

Yes

No

DO YOU KNOW HOW TO CONTACT OFAC?*

Yes

No

Cash Reporting

DOES YOUR F&I DEPARTMENT COMPLETE THE FIRST PORTION OF THE 8300 FORM?*

Yes

No

DO YOU NOTIFY THE IRS WITHIN 15 DAYS OF THE COMPLETION OF THE 8300 FORM?*

Yes

No

Do Not Call/Do Not Email

DO YOU CHECK EACH PROSPECT'S TELEPHONE NUMBER AGAINST THE DO NOT CALL LIST 31 DAYS AFTER THEIR LAST TELEPHONE CALL TO YOUR DEALERSHIP?*

Yes

No

DO YOU REMOVE THE CUSTOMER FROM YOUR EMAIL CAMPAIGN WITHIN 10 DAYS OF THEIR REQUEST?*

Yes

No

ECOA

DO YOU HAVE A FORMAL RATE MARK UP POLICY, WHICH IS USED WHEN DESKING DEALS?*

Yes

No

DO YOU DOCUMENT EACH DEAL WHEN YOU NEGOTIATE DOWN YOUR INTEREST RATE USED IN A DEAL?*

Yes

No

FCRA

DO YOU ALWAYS GET A SIGNED CREDIT APPLICATION BEFORE YOU RUN CREDIT?*

Yes

No

DO YOU PROVIDE YOUR CUSTOMER AN ADVERSE ACTION NOTICE WITHIN 30 DAYS WHEN THEY CAN'T GET FINANCED OR DON'T ACCEPT A COUNTER OFFER?*

Yes

No

DO YOU PROVIDE EACH FINANCE CUSTOMER A COPY OF A CREDIT SCORE DISCLOSURE NOTICE?*

Yes

No

DO YOU VERIFY AND VALIDATE THE IDENTITY OF EACH FINANCE CUSTOMER BEFORE YOU COMPLETE THE DEAL?*

Yes

No

Regulation Z

DO YOU PROVIDE A BLANK COPY OF THE RETAIL FINANCE CONTRACT TO THE CUSTOMER TO REVIEW BEFORE COMPLETING THE CONTRACT?*

Yes

No

DO YOU FULLY DISCLOSE ALL THE ITEMS IN THE "FEDERAL BOX" ON THE CONTRACT TO THE CONSUMER, BOTH, IN WRTING AND ORALLY BEFORE CONSUMMATING THE CONTRACT?*

Yes

No

DO YOU PROVIDE THE CONSUMER WITH A COMPLETED, SIGNED COPY OF THE RETAIL FINANCE CONTRACT AFTER THEY SIGN THE CONTRACT?*

Yes

No

FOR DESKING DEALS, DO YOU USE A 90 DAY ROLLING AVERAGE OF YOUR RATES AND TERMS FOR EACH CUSTOMER?*

Yes

No

Regulation M

DO YOU DISCLOSE THE COSTS AND TERMS OF EACH LEASE WITH THE CUSTOMER BEFORE THEY SIGN THE CONTRACT?*

Yes

No

Policies/Training

DO YOU HAVE WRITTEN POLICIES AND PROCEDURES FOR THE FEDERAL LAWS THAT GOVERN YOUR DEALERSHIP?*

Yes

No

DO YOU HAVE A DOCUMENTED TRAINING PROGRAM IN PLACE FOR ALL YOUR EMPLOYEES FOR THE FEDERAL LAWS THAT GOVERN FOR YOUR DEALERSHIP?*

Yes

No

DOES YOUR STAFF’S SECURITY AWARENESS TRAINING INCLUDE THE PHYSICAL SECURITY OF OFFICES, FILES AND COMPUTERS?

Yes

No

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