by Leah Langston | Jan 23, 2023 | Dealer Compliance, Legal
What to do if someone initiates a lawsuit against you. At some point, you may encounter an unhappy customer which can sometimes result in a lawsuit, starting with a demand letter. If you receive a letter like this in mail, don’t ignore it. It is best to reach out to...
by Ejola Cook | Dec 13, 2022 | Dealer Compliance, Sales, Vessels: Accepted as Trades
Our clients sometimes get the strangest trade in offers. Some are easy to take, others not so much. In Florida, many people own boats, and did you know that you can take a boat in on trade towards and RV? Well, with some requirements you can. First thing is to...
by Morgan Galper | Nov 15, 2022 | Dealer Compliance, Sales Tax
FAST FACTS: In summary, Florida Sales Tax is 6%, which applies to all sales with a few exceptions. However, some counties also charge an additional Local Discretionary Sales Surtax rate. This Local Surtax only applies to the first $5,000.00 of the price of the RV. The...
by Allen Monello | Dec 28, 2020 | Dealer Compliance, Title
FAST FACTS The following changes have taken effect regarding federal and state odometer disclosure requirements: Odometer Disclosures may be signed electronically. Odometer Rule Changes Disclosure Exemption from 10 to 20 years. NOTICE: The information below was...
by Allen Monello | Sep 6, 2018 | Dealer Compliance, Finance
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 Compliance, Title
FAST FACTS The number of dealer plates that may be purchased must be reflected in your Garage Liability Insurance (GLI) certificate. Updates to your GLI certificate regarding the number of dealer plates that your insurance authorizes you to purchase must be submitted...
