by Allen Monello | Dec 28, 2020 | Odometer Rule Changes, RV Dealers
NOTICE: The information below was obtained directly from the Division of Motorist Services website. Links are provided so you may access the content on the DMS website. FAST FACTS The following changes have taken effect regarding federal and state odometer...
by Allen Monello | Sep 6, 2018 | Military Lending Act (MLA)
FAST FACTS A creditor may not impose on a borrower a “military annual percentage rate (MAPR)” that’s greater than 36 percent. The MAPR is defined differently than the APR we are familiar with. The MAPR “includes all cost elements associated with the extension of...
by Allen Monello | Apr 26, 2018 | Dealer Plates, RV Dealers
NOTICE: The information below was obtained directly from the Florida Division of Motorist Services (DMS). A link is provided so you may access Dealer Advisory DE18-003. FAST FACTS The number of dealer plates that may be purchased must be reflected in your Garage...
by Allen Monello | Sep 20, 2017 | Forms Needed in a Deal, RV Dealers
FAST FACTS Dealers are required to complete many forms in a deal, beyond title and registration forms. Although not all of these forms are required, they are commonly used in the industry to protect dealers and customers. The following list is not exhaustive....
by Allen Monello | Aug 10, 2017 | Dealer Participation (Markup), RV Dealers
NOTICE: The information below was obtained directly from the Consumer Financial Protection Bureau’s (CFPB) Paper on the Equal Credit Opportunity Act (ECOA) and Regulation B FAST FACTS Dealers’ policy for setting the amount earned for arranging financing...
by Allen Monello | Aug 10, 2017 | Deceptive and Unfair Trade Practices, RV Dealers
NOTICE: The information below was obtained directly from section 501.98, Florida Statutes FAST FACTS Customer signs notice at time of sale Before customer can bring a claim against the dealer, customer must provide dealer with a written demand letter 30 days prior...
by Allen Monello | Mar 13, 2017 | RV Dealers, Title Stops
NOTICE: The information below was obtained directly from the Division of Motorist Services (DMS). FAST FACTS If you are the victim of title fraud, you may only place an administrative stop on a Florida Title if you have a court order. Stop will prevent any title...
by Allen Monello | Aug 23, 2016 | Off-Site Storage of Inventory
NOTICE: The information below was obtained directly from the Division of Motorist Services (DMS). FAST FACTS The Division of Motorist Services has issued a position paper distributed to field staff which concludes as follows: “…licensed dealers should...
by Allen Monello | Jan 26, 2016 | Tag and Title Fees -- Unpaid, Titles and Registrations
NOTICE: The information below was obtained directly from the Division of Motorist Services’ (DMS) website, DMS Procedures, DMS Forms and Florida Statutes. Links are provided so you may access DMS forms, procedures and Florida law. FAST FACTS When customers...
by Allen Monello | Sep 8, 2014 | Sales Tax on Service Agreements
NOTICE: The information below was obtained directly from the Florida Department of Revenue (DOR) website. Links are provided so you may access the content on the DOR website. FAST FACTS When you sell a service agreement the amount of sales tax you must collect is as...
