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– New I-9 Required for Federal Employment Verification Beginning February 2, 2009 – NADA Summary of TALF (Term Asset-Backed Securities Loan Facility) - What it Means to Dealers
– Regulatory & Legal Compliance Seminar THIS WEEK! – Tough Times, Tougher Dealers Webinar
– Annual Colorado Dealers Legal Counsel Lunch and Issues Briefing – NADA Convention and Exposition – Denver International Auto Show – CADA Annual Member Golf Event
–NADA 2009 Convention and Exposition CLICK HERE for an Index of Regulatory CLICK HERE for Bulletin archives.
CLICK HERE for a list of current CLICK HERE for a list of current CLICK HERE for an order form for CLICK HERE for information on all member services. CLICK HERE for NADA CLICK HERE for the Title and CLICK HERE for the Colorado
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We have EXPANDED the content and focus of our January 9th, 2009 Denver training session! CLICK HERE for more information!
Listed here are several articles pertaining to the
NEW I-9 REQUIRED FOR FEDERAL EMPLOYMENT VERIFICATION BEGINNING FEBRUARY 2, 2009 Beginning February 2, 2009, employers will be required to use a new Employment Eligibility Verification Form I-9 to verify the identity and work authorization of all new hires. No previous editions for Form I-9 will be accepted after February 2, 2009. Until that date, however, employers should continue to use the existing form and current I-9 procedures. Since 1986, federal law has required employers to verify the identity and work authorization of newly hired employees and complete Form I-9. This is done by reviewing a document that illustrates both identity and work authorization or by examining a combination of identity and work authorization documents. Employers will notice some major changes to the employment eligibility verification process. **Most significantly, after February 2, all documentation offered for I-9 purposes must be unexpired at the time it is presented.** This marks a complete reversal of existing I-9 procedures. The United States Bureau of Citizenship and Immigration Services has said that it will issue a new Handbook for Employers before February 2, 2009 to assist employers in complying with the new rules. However, it is important to remember that the new Form I-9 should be used only for employees hired on or after February 2, 2009 and should not be completed for existing employees hired before that date. NOTE: DHS has not yet issued the new form. As soon as the new form is issued, we will notify our members and provide links to the new form; it will also be on the USCIS website as well: Employment Eligibility Verification information page. Current I-9 form (Rev. 06/05/07; Check back in later January for the revised version) * * * * * * * * NADA SUMMARY OF TALF (TERM ASSET-BACKED SECURITIES LOAN FACILITY) - WHAT IT MEANS TO DEALERS A new Web page on NADA'S web site -- www.nada.org/MediaCenter/IndustryNews/TALF -- explains in greater detail what the Federal Reserve Board's TALF program means to dealers and how they will benefit from the action taken on Dec. 19 to include securities backed by dealer floorplan loans as a qualifying asset class. * * * * * * * * If you have questions on any legal or regulatory topic, please contact:
DISCLAIMER: CADA is not authorized to dispense legal advice. REGULATORY & LEGAL COMPLIANCE SEMINAR THIS WEEK! Friday, January 9, 2009 We have EXPANDED the content and focus of our January 9th, 2009 Denver training session! Initially, the focus was Federal Regulatory updates, along with a re-cap of Red Flags/Safeguards rules (you should be complying with these now, despite the enforcement delay). In addition, we will now be addressing the following recent developments as well:
By Paul Metrey, NADA’s Director of Regulatory Affairs
***Opportunity to ask questions, and delve into specific aspects of implementation*** Paul D. Metrey, Esq. is the Director of Regulatory Affairs in the Legal and Regulatory Group of the National Automobile Dealers Association (NADA). He represents dealer interests before, and educates dealers on, regulations promulgated by several federal agencies including the Federal Reserve Board, FTC, FCC, Department of the Treasury, and IRS. He reports on regulatory developments and has authored several NADA publications and frequently speaks to dealers, dealership compliance professionals, and other industry groups on regulatory topics, including recent developments in privacy, ID theft, telemarketing, consumer financing, and tax. CLICK HERE to register online!
* * * * * * * TOUGH TIMES, TOUGHER DEALERS: SAVING YOUR DEALERSHIP'S ASSETS Tuesday, January 13, 2009 Presented by attorney Michael Charapp, of Charapp & Weiss, LLP, and CPA Bradley Nicklin, of Beers + Cutler, This webinar focuses on the issues facing almost every dealer today, such as:
Participants will also learn how to deal with bankruptcy—both at the manufacturer and dealership levels—as well as franchise terminations, brand terminations, and the legal ramifications of reducing a workforce. The registration fee for the virtual seminar is only $50 per computer connection. "Tough Times, Tougher Dealers" will also be a workshop at the 2009 NADA Convention & Exposition in New Orleans. The workshop will be held twice—11 a.m. on Saturday, Jan. 24, and 8:30 a.m. on Monday, Jan. 26. In addition, the convention will offer more than 40 other workshops, many of which are designed to tackle today’s tough economic issues head-on, such as maintaining dealer profitability, improving cash flow, surviving the credit crunch and driving customers back to dealerships. For more information, visit www.nada.org/convention. CLICK HERE to register online!
* * * * * * * * NADA 2009 CONVENTION AND EXPOSITION
For more information, visit the following websites: CLICK HERE to register! * * * * * * * * LET US KNOW ABOUT YOUR ACCOMPLISHMENTS! Have you or anyone else at your dealership won an award recently? Have you or your dealership provided any outstanding community service? We want to recognize such accomplishments. Please send us a brief write-up of the award or event along with any other information to milestones@coloradodealers.org. Also include your contact information for further follow-up. If you want to be added to our mailing list, please CLICK HERE. To remove yourself from this list, click on this link.
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