
NADA is pleased to announce the release today of a comprehensive Driven guide on the federal disclosure requirements and limitations applicable to consumer leasing transactions. Federal Consumer Leasing Act Requirements, prepared for NADA by Hudson Cook consumer leasing expert Thomas Buiteweg, is a companion guide to NADA’s 2018 Guide to Federal Truth In Lending Requirements. The new member publication explains in detail the federal disclosures that must be presented to lessees; limitations that apply to charges for early termination, excess wear and mileage, late payments and doc fees applicable to a lessee’s exercise of a purchase option; the disclosure of prior credit or lease balances; many other technical requirements; and the consequences for noncompliance.
Mike Alford
Chairman, Regulatory Affairs Committee
Website
Monday: 8AM – 5PM
Tuesday: 8AM – 5PM
Wednesday: 8AM – 5PM
Thursday: 8AM – 5PM
Friday: 8AM – 5PM
Saturday & Sunday: Closed
Physical Address:
1618 Kanawha Blvd. East
Charleston, WV 25311
Mailing Address:
PO Box 2028
Charleston, WV 25327
Phone: 304-343-4158
Copyright © 2020 West Virginia Automobile Dealers Association. All rights reserved | Website designed by Marsac Consulting. Website maintained by Cucumber & Company | Sitemap