Compliance Check

Q. Are you submitting cancellation notifications to both the selling dealership and the F&I product provider? Check out how LCT makes it easier to stay compliant.

A: When financial institutions leave their dealerships with the full burden of ensuring compliant cancellations and timely consumer refunds, they're opening the door to regulatory risk and liability. Bringing transparency to the cancellation processes by submitting notifications simultaneously to both the selling dealership and the F&I product provider allows lenders to take control of the refund process and minimize their risk. Schedule a demo to learn how LCT has got you covered.