Federal Regulations
WE have the template to develop Safeguards Rule policies
The Federal Trade Commission’s (FTC) Safeguards Rule became effective on May 23, 2003. The Rule specifically requires every dealer, regardless of the size of the dealership, to develop, implement and maintain a comprehensive written information security plan that describes the dealership’s program to protect customer information. It also requires them to ensure that affiliates of the dealership maintain appropriate safeguards and that their service providers are capable of maintaining appropriate safeguards for the customer information the dealership shares. The Dealership’s written information security plan must include:
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Federal Labor Laws
Did You Know that Sales People and Mechanics are Exempt from Overtime? Based on an inquiry from a member, we contacted our CPA firm who confirmed that sales people and mechanics who work at auto dealerships are exempt from receiving overtime pay. Click on the link and carefully read the U.S. Department of Labor publication. Contact your CPA for specific questions or application of this law.
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