Powersports dealerships provide high energy, recreational vehicles for customers who want their fun motorized: ATVs, snowmobiles, motorcycles, scooters, UTVs and personal watercraft riders. AFIP certification is the cornerstone to the dealer’s compliance program.
AFIP’s Powersports compliance program has been designed to insure that F&I managers and other personnel working in Powersports sales are trained to meet the highest ethical and compliance standards when selling Powersports products. It’s another building block of the successful dealership that creates trust and lifelong customers.
What’s Included
After you order the course, you’ll receive access to the CARLAW® F&I Legal Desk Book, and instructions for accessing the AFIP LMS (Learning Management System), an interactive multimedia online e-training system.
- Detailed lesson plans to walk you through what you need to know about each section
- Lecture videos hosted by AFIP Instructors
- Shorter lecture series for easier self-study
- Access the course modules on various types of technology
- Required reading documents to supplement the course text
- Practice quizzes so you can gauge your progress
AFIP Power Sports Compliance Course Topics
- Understanding the Law
- Contracts
- Elements of a Contract
- Truth in Lending Act & Regulation Z
- Retail Installment Sale Contracts
- Rules Common to Regulations Z & M
- UDAP and UDAAP Claims
- FTC Credit Rules
- Equal Credit Opportunity Act (ECOA) & Regulation B
- Fair Credit Compliance Policy & Program
- Fair Credit Reporting Act (FCRA)
- Red Flag Rule
- Risk-Based Pricing Rule
- Protecting Nonpublic Personal Information
- Privacy Rule
- Safeguards Rule
- IRS / FinCEN Form 8300 Cash Reporting
- USA PATRIOT Act & OFAC
- Federal Do-Not-Contact Rules
- Federal Odometer Act
- Vehicle Insurance
- Magnuson-Moss Warranty Act & Vehicle Service Contracts
- GAP Protection
- Voluntary Protection Products: A Model Dealership Policy
- Ethics
- State Laws