Wolters Kluwer Dealer Services – Dealer Services - Risk-Based Pricing Tool Kit
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We Can Help You Comply With the Risk-Based Pricing Rule

  • Dealers must notify consumers when they receive materially less favorable credit terms based on consumer report information. Under the new rule issued by the Federal Reserve Board and FTC, dealers must provide consumers receiving less favorable credit terms with a risk-based pricing notice before they sign a credit agreement.

    Wolters Kluwer Financial Services’ Dealer Services offers a Risk-Based Pricing tool kit and Risk-Based Pricing Notice form to assist you in implementing the new rule.

    Risk-Based Pricing Tool Kit components include:

    • Pricing Disclosures Guide – provides detailed information for dealers on when a risk-based pricing notice is required and how and when the risk-based pricing notice must be issued. The guide also contains information about the exception credit score disclosure and conditions for using alternative forms.
    • Samples of Exception Disclosure – sample credit score disclosure form which can be provided to all customers who apply for credit, which can be used as an alternative to the risk-based pricing rule.
    • Samples of No Score Disclosure – disclosure form when no score is returned by a credit reporting company.
    • Best Practices – includes best practices and tips for reducing the risk of non-compliance with the risk-based pricing rule.

    Wolters Kluwer Financial Services’ Dealer Services provides you with the resources your dealership needs to manage your compliance programs.

    Learn more about our Risk-Based Pricing services or to order your Tool Kit, contact us today, toll free at 1-877-277-6631 Option 4.

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