Dealership Compliance
Training Course:
The Gramm-Leach-Biley Privacy Act:
The Safeguards Rule
Federal Required Staff Training
Overview:
The Safeguards Rule requires financial institutions under FTC jurisdiction, which includes
automotive dealers, to have measures inplace to kep customer information secure. Such
measures include required staff training and a formal written Policy. In addition to developing
their own safeguards, companies covered by the Rule are also responsible for taking steps to ensure
their affiliates and service providers safeguard customer information in their care.
Length:
Who Should View:
- Entire dealership staff (At least annually)
- All Newly-hired staff (Within 30 days of hiring)
Training Course Content
- Required dealership compliance elements
- Electronic security
- Document compliance
- Showroom and Finance Department security
- Other relevant compliance issues
Knowledge Quiz:
- Yes - Follows immediately after viewing the training video
- Results immediately displayed and stored in Dealership Report Center
Required Dealership Policy
- Yes
- After viewing the Training Video and passing the Knowledge Quiz, staff member
should download, print and sign the Policy as their commitment to abide by the
regulation. Dealership should keep all signed Policies on file.
