CBC subscribers constantly rave about the peace of mind they've come to rely on when it comes to compliance.
Fresno, CA (PRWEB) April 30, 2013
For decades, automotive dealers have stored deal and compliance documents in big metal file cabinets and wondered what length of time to keep them. The length of time a dealer must store records varies as much as the records themselves.
According to The Mercadien Group “GUIDE TO RECORD RETENTION FOR AUTO DEALERS,” auto dealers must retain all vehicle jackets, insurance claims, car purchase orders, bills of lading, customer files, service contracts and extended warranties, and both assigned and unassigned retail installment contracts for at least ten years. No, that’s not a misprint. 10 Years! And there are stiff penalties for non-compliance.
The team of credit report and regulatory compliance experts at CBC concur that erring on the side of caution is the only sure-fire solution so they created eCredit Complete with indefinite electronic secure document storage in what they call the “eVault.”
The eVault also includes unlimited “cloud-based” upload capability for secure electronic storage of deal attachments such as vehicle or trade-in photos, scanned documents such as utility bills, paycheck stubs, etc. eliminating much of the need for rows upon rows of file cabinets full of credit, compliance, and various deal documents. CBC subscribers constantly rave about the peace of mind they've come to rely on when it comes to compliance.
Credit Bureau Connection has roots in the credit reporting, regulatory compliance, sales, desking, and F&I system development fields dating back to the early 1980’s. Credit Bureau Connection (CBC) has become the industry leader in forward thinking credit report and compliance solutions.