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Lifetime Master Course 2025

Self Study

  • 52

    Sections

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

  • Section 1 - Introduction

  • Welcome to the Lifetime Master Course

  • Course Overview

  • Call for Support

  • About the Final Exam

Federal and State Agencies

  • Section 2 - Federal & State Agencies

  • Federal and State Agencies

  • FTC - UDAP and Penalties

  • CFPB - UDAAP

  • UDAP & UDAAP

Industry Practices

  • Section 3 - Industry Practices

  • Individual Fines

  • Statute of Limitations

  • First Pencil Payment Quotes

  • Reg Z Advertising

  • Reg M Advertising

  • UDAP Advertising

  • Reg Z and Reg M - Safe Harbor

  • Reg Z and Reg M - E-Sign Act

  • Payment Packing

  • Addendums

  • ECOA

  • Buy Rate - Dealer Markup

  • Disparate Pricing

  • Dealer Participation Rate Modification Form

  • Using the Rate Modification Form

  • Acceptable Reasons to Modify Rate

  • Gramm-Leach Bliley Act

  • GLB Act Safeguards Rule

  • GLB Updated Safeguards Rule

  • FCRA Red Flags Rule

  • Red Flag: Synthetic Identity

  • Red Flag: Credit Privacy Numbers

  • Red Flags- Practices to Prevent Identity Theft

  • IRS Form 8300 - Cash

  • IRS Form 8300 - Required Filing

  • IRS Form 8300 - Exceptions to Line 6

  • IRS Form 8300 - Report of Cash Payments

  • VPP: A Model Dealership Policy

  • Fraud Alerts

  • Credit Freeze

  • FCRA - Adverse Action Notices

  • When to Send Adverse Action Notices

  • Federal Emissions Warranty

  • Risk Based Pricing Notice

  • Straw Deals

  • Holder Rule

Key Point Review

  • Section 4 - Key Point Review

  • Licensed

  • Conversations to Avoid

  • Unlicensed

  • Product Rate and Purchase