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Lifetime Master Course 2023

Self Study

  • 61

    Lessons

Access to the Dealer Desk Book Login for Dealer Desk Book

Overview

As a Lifetime Master candidate, you have completed AFIP’s Basic, Senior, and Master Certification programs.

AFIP has no record of your personal integrity or regulatory compliance being challenged. Your bona fides are well established.

The Lifetime Master program is designed to keep you:

•Abreast of the latest regulatory changes
•Aware of practices or issues under scrutiny or dispute
•Mindful of best practices, and
•Fully conversant with basic regulations

The Lifetime Master Course consists of three units:

  1. Federal Regulatory Updates
  2. Industry Practices
  3. Key Point Review 
Unlike the lower-level courses, the Lifetime Master course is provided exclusively online. The digital venue allows for quick updates in the rapidly changing compliance environment.

If you have any questions about course content, please contact AFIP by calling 817-428-2434 or emailing Shannon Robertson at shannon.robertson@afip.com or Tevis Grisso at Tevis.Grisso@afip.com.

Introduction

  • Welcome to the Lifetime Master Course

  • Course Overview

  • Call for Support

  • About the Final Exam

Industry Practices

  • Payment Packing

  • Payment Packing Methods

  • First Pencil Payment Quotes

  • Straw Deals

  • Power Booking

  • Signatures on Credit Apps

  • Credit Score Inconsistencies

  • Reg Z & Reg M Thresholds

  • Disparate Pricing & Rate Modification Form

  • Origination Expense

  • Best APR

  • Voluntary Protection Products

  • Military Lending Act (MLA) 37

  • Sales and F&I Policy Standards

  • CMS Status Review

Key Point Review

  • Contracts

  • Buyers Guide Revisions - 1

  • Buyers Guide Revisions - 2

  • Buyers Guide Revisions - 3

  • Buyers Guide Revisions - 4

  • Buyers Guide Revisions - 5

  • IRS - FinCEN 8300 Form

  • IRS - FinCEN 8300 Form - Page 1

  • IRS - FinCEN 8300 Form - Page 2

  • IRS - FinCEN 8300 Form- Page 3

  • IRS - FinCEN 8300 Form - Page 4

  • IRS - FinCEN 8300 Form - Page 5

  • GLB Act

  • GLB Privacy Act Rule

  • GLB Act Privacy Rule Best Practice

  • GLB Act Safeguards Rule

  • GLB Act Safeguards Rule Best Practice

  • GLB Act Enforcement

  • Red Flags Rule

  • Red Flags Rule Best Practices

  • Red Flags Rule Dealer Liability

  • Credit Score Exception Notice

  • FCRA Provisions

  • Insurance Requirements

  • Do Not Call Rules

  • CAN SPAM Act

  • VSC’s and Emissions Warranties

  • VSC’s and Emissions Warranties By State

  • VSCs AFIP Best Practice:

  • GAP Coverage

  • Reg Z TILA Box

  • Reg Z & Reg M

  • Advertising

  • Holder-In-Due-Course Rule

  • FCRA Compliance

  • Adverse Action Notices

  • Disposal Rule

  • Free Credit Reports

Regulatory Updates

  • FTC Act – Civil Penalties

  • Credit Security Tools

  • E-Sign Act

  • FTC Fines - 2024