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Dealer Controlled Finance
Auto Dealer Monthly
Auto Dealer People
Articles by Nicole Munro - Partner
Nicole Frush Munro
Hudson Cook, LLP
Your Dealer Agreement – What you Warrant and the Consequences of Breach
Monday, November 12, 2012
The dealer agreements you have with your third party finance sources contain a whole host of warranties. You are responsible for compliance with those warranties and other obligations under the dealer agreements. Failure to satisfy those obligations will result in repurchase requirements. Because those warranties are typically ...
Not as Good as I Thought I Was
Wednesday, October 10, 2012
Attorney Nicole Munro cautions dealers: even if you think you're running a clean and compliant operation, now is not the time to rest on your laurels.
UCCC Extraterritoriality - But it’s a Minnesota Contract!
Wednesday, September 26, 2012
If a finance company buys retail installment contracts from auto dealers in its home state, what happens when a consumer named in one of those contracts moves to a state with different laws from the company’s home state? Attorney Nikki Munro discusses a recent case that poses that very question.
My Compliance Lawyer is Crazy
Wednesday, August 29, 2012
Attorney Nicole Munro explains why dealers must be prepared if the Consumer Financial Protection Bureau comes knocking on their door and looks at some the the CFPB's recent enforcement actions.
New GAP Waiver Rules in Ohio
Wednesday, July 18, 2012
For many years, Ohio law has left many wondering whether the cost of GAP products can be financed. Attorneys Nicole Munro and Glenn Knirsch discuss the recent passage of a bill in Ohio that at last addresses the uncertainty surrounding the sale of these products.
Arbitration Remains in the Spotlight – Even Outside of the Ninth Circuit
Wednesday, May 16, 2012
The Consumer Financial Protection Bureau recently began a public inquiry into how consumers and financial services companies are affected by arbitration and arbitration clauses. Attorneys Nicole Munro and Latif Zaman of Hudson Cook look at how some state courts are finding ways to invalidate arbitration provisions.
Motor Vehicle Leases and the Military
Wednesday, March 28, 2012
Attorneys Nicole Munro and Peter Cockrell of Hudson Cook discuss the Servicemembers Civil Relief Act (SCRA) as it pertains to leasing vehicles to military servicemembers or dependents of military servicemembers.
CFPB in Production, Directed by Richard Cordray
Wednesday, February 01, 2012
With leadership in place, over 700 employees and bulletproof funding, the Consumer Financial Protection Bureau is moving full speed ahead. Attorney Nicole Munro discusses the CFPB's potential reach and how it could impact dealers.
Making a List and Checking it Twice
Wednesday, December 21, 2011
Santa isn’t the only one making a list and checking it twice this time of year. The CFPB and the FTC are making lists that will be used to determine who is naughty and who is nice. Attorney Nicole Munro poses some questions dealers should consider to put together their own compliance checklists.
Disclosures in Auto Finance - Lesson 2: Application Disclosures
Wednesday, November 23, 2011
Attorney Nicole Munro discusses disclosures required by the Equal Credit Opportunity Act and its implementing Regulation B, along with the Fair Credit Reporting Act, when a consumer applies for secured credit.
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