The FTC, IRS, Attorney Generals, and other regulatory agencies have little tolerance for errors and failure to file Regulatory forms and documents in the timelines provided by each Regulatory Mandate. Failure to follow these Mandated timelines can result in severe penalties and/or fines. It is equally important to closely adhere to Regulatory record retention mandates, which carry their own individual fines and/or penalties.
Civil Litigators often utilize failures to properly follow Regulatory record retention Mandates and other Regulatory timelines as the foundation for initiating and/or corroborating a legal action, including the nightmare of all civil litigation-a Class Action Lawsuit. Therefore, it is of utmost importance to adhere to these record retention and timeline Mandates if your Dealership doesn’t want to risk a major audit, investigation and/or a civil litigation (Including potential class-action lawsuits) regarding the Dealership’s business conduct.
This Course provides valuable information regarding key Regulatory record retention and timeline Mandates that Dealerships must adhere to.