Do you have a compliance program at your dealership?

Consider this CONSUMER PROTECTION COMPLIANCE CHARTER. Purpose:

The Chief Compliance Officer assists the Board of Directors in the oversight of _________’s Compliance Program. Its duties and responsibilities are to:

· Design a Compliance Program to help prevent and/or detect violations of the law or the standards of business conduct;

· Oversee and monitor adherence to the Compliance Program;

· Ensure that communication of the Compliance Program is disseminated to all staff;

· Review reports and actions taken resulting from compliance investigations or audits;

· Oversee and monitor the resources assigned to the Compliance Program to assess their adequacy;

· Review materials that are presented to the Board regarding compliance;

· Review the compliance education and training program;

· Perform such other duties and responsibilities as may be requested by the Board.

Reporting Structure:

· The Chief Compliance Officer reports quarterly to the owners or Board of Directors.

A Compliance Officer will save you money and hassle and help you avoid Plaintiff lawyers and regulatory problems.

If you do not have a Chief Compliance Officer, consider calling us. We can help.