Implementing the Magnuson Moss Warranty Act Initiative for Auto Dealerships

The Magnuson-Moss Warranty Act applies when the company gives a written warranty in connection with the sale of consumer products, such as cars. To the extent you offer express written warranties to your customers, you must comply with The Magnuson-Moss Warranty Act. The Magnuson-Moss Warranty Act requires you to take certain measures to protect your customers from deceptive warranties and to make your warranties more readily understandable and enforceable.

Edit and Distribute the Magnuson-Moss Warranty Act Policy

Edit the policy

1. Click on the Library tab
2. Search for "Magnuson-Moss Warranty Act Policy" and click on it
3. Click on the Edit button to view the list of versions
4. Click Create Draft to the right of the latest published version
5. Click Edit next to the Draft version that you just created
6. Make desired changes to the policy
7. Click Publish when you have finished editing the policy

Schedule the activity for distribution

1. Click on the Workspaces tab
2. Click on the Consumer Finance workspace
3. Click on the Magnuson-Moss initiative
4. Click on the Magnuson-Moss Warranty Act Policy
5. Click on Groups and assign to the appropriate groups, such as management, controller, sales, finance and insurance, and anyone who participates in a sale that includes a warranty.
6. Click on Schedule and set an annual schedule based on the Hire Date. We recommend that you set the Immediate Distribution option to Yes. 
7. Click Save

Distribute The Fair Credit Reporting Risk Based Pricing Rule Interactive Policy Training

1. Click on the Workspaces tab
2. Click on the Consumer Finance workspace
3. Click on the Fair Credit Reporting Act initiative
4. Click on the Magnuson-Moss Warranty Act Assessment
5. Click on Groups and assign to the appropriate groups, such as management, controller, sales, finance and insurance, and anyone who participates in a sale that includes a warranty.
6. Click on Schedule and set an annual schedule based on the Hire Date. We recommend that you set the Immediate Distribution option to Yes. 
7. Click Save