 |
|
– Pontiac Dealer Alert: A Road Map for Dealers – CADA Virtual Seminar: Manufacturer Bankruptcy: Now Available in Pre-Recorded Format! – Red Flags: Enforcement Deadline Delayed Again
– SB 281 - Pinnacol Interim Study and Ongoing Audits – HB 1331 - Governor Ritter's Alternative Fuel Source Tax Incentives. – SB-150 Closes Bankruptcy Loophole – HB 1230 Hold Harmless for Dealers – SB 296 - Primary Seatbelt Enforcement
– CADA Virtual Seminar: Manufacturer Bankruptcy: What it Means and Proactive Steps- Now Available in Pre:Recorded Format! – CADA Virtual Seminar: Employer Requirements for New COBRA Subsidy; Archive Now Available
– Dedication of the "Bud Wells Board Room" – Dealer Management and Leadership Summit – CADA Annual Member Golf Event
–All the News That's Fit to Email! 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
CLICK HERE for a CADA staff listing If you have questions CLICK HERE or scroll to the bottom Need Acrobat Reader
CLICK HERE for information about the
|
Listed here are several articles pertaining to the
…more news articles are included at the end of this issue.
NADA has provided the a list of Questions and Answers regarding the Chrysler Chapter 11 bankruptcy filing. Filings and court documents can be found at the following: For dealerships seeking recommendations for their own bankruptcy attorney in this process, please contact CADA for a listing of attorneys in Colorado. * * * * * * * * PONTIAC DEALER ALERT: A ROAD MAP FOR DEALERS General Motors announced on Monday, April 27, 2009, that it had changed its plan to maintain Pontiac as a “niche” brand and instead will discontinue the brand by year’s end. With elimination of the Pontiac brand confirmed, what are dealers to do? CLICK HERE to review this article in full. * * * * * * * * CADA VIRTUAL SEMINAR: MANUFACTURER BANKRUPTCY: WHAT IT MEANS AND PROACTIVE STEPS CADA completed this webinar on Friday of last week; it was presented by a team of legal experts. However, it is not too late to benefit from this session—a fully archived version of the session will be available for the next six months! You can register to listen to and view all presentations and Q&A that were addressed. CLICK HERE to register (you will receive login instructions after your registration is processed) * * * * * * * * RED FLAGS: ENFORCEMENT DEADLINE DELAYED AGAIN The FTC issued an announcement on Thursday of last week extending (yet again) the enforcement deadline for Red Flags until August 1, 2009. Keep in mind, compliance is still technically required; this delay is only on their active enforcement. It is still in a dealerships’ best interest to take all steps possible to prevent ID theft—lenders will require dealerships to buy back any paper on an ID theft case, and you will be left sorting out the legalities, paying in full for any loss upfront, and filing a claim with your insurance carrier. A link to the FTC's notice on this topic follows: See below for some helpful, prior Open Road articles on Red Flags:
* * * * * * * * If you have questions on any legal or regulatory topic, please contact:
DISCLAIMER: CADA is not authorized to dispense legal advice.
~ Today is the last day of the Legislative Session for 2009! Stay tuned for a full legislative briefing of the 2009 Session in next week’s Open Road! ~ SB 281 – PINNACOL INTERIM STUDY AND ONGOING AUDITS SB 281, the only remaining viable bill relating to Pinnacol Assurance, would place Pinnacol clearly under state control, require an interim study to review its businss structure, and require ongoing audits of Pinnacol's financials. SB 281 was heard in a conference committee late last week, where the bill was essentially turned into an audit of Pinnacol’s financials and an interim study that will review the political and legal structure of Pinnacol over the summer. This revised bill has passed out of both chambers and will likely be signed by the Governor in the next few weeks. * * * * * * * * HB 1331- GOVERNOR RITTER'S ALTERNATIVE FUEL SOURCE TAX INCENTIVES HB 1331 is sponsored by Rep. Sara Gagliardi (D-Arvada) and Sen. Betty Boyd (D-Lakewood). The bill provides tax incentives for efficient motor vehicles. Vehicles covered by this bill are light-duty passenger, truck and medium duty truck diesel-electric hybrids, hybrid conversions, CNG, and installation of idling reduction technology. This bill is from the Governor’s office and part of his legislative agenda. Originally the bill included CAL-LEV compliant vehicles, but CADA successfully stripped that language out of the bill. The bill has passed out of the House and was passed by the Senate on 2nd reading late yesterday. The bill is set to be heard on third and final reading today, after which time it will head back to the House for concurrence of Senate amendments. Presuming the House concurs on the bill, it will head to the Governor for his signature. * * * * * * * * SB-150 CLOSES BANKRUPTCY LOOPHOLE This bill closes a bankruptcy loophole often abused by consumers and protects security interest of dealers and lien holders. CADA worked to amend this bill to provide a thirty (30) day timeline under which dealers can perfect liens and still receive benefits from the bill which originally had a twenty (20) day timeline. SB-150 passed out of the House of Representatives and the Senate concurred with the House amendments. The bill was signed into law by Governor Ritter on April 22, 2009. * * * * * * * * HB 1230 HOLD HARMLESS FOR DEALERS This bill provides a hold harmless for dealers on address discrepancies provided by consumers and refers sales tax jurisdictional issues to the Transportation Legislation Review Commission for their review over the summer. The bill has passed out of the House and Senate unanimously, a rare testament for any bill, and the House concurred with the Senate amendments last week. The bill was signed by Governor Ritter on Monday, May 4th. SB 296 - PRIMARY SEATBELT ENFORCEMENT SB 296 changes the traffic infraction of failure to use a seatbelt from a secondary offense to a primary offense. Under current law, drivers may only be pulled over by law enforcement for reasons other than their failure to wear a seatbelt. This bill would change that. The bill is sponsored by Sen. Betty Boyd (D-Lakewood) and Rep. Su Ryden (D-Aurora). Not only would this bill reduce the incidence of traffic fatalities, as evidence by the data collected from states that have passed primary enforcement laws, but if Colorado passes SB 296 this Session, the state is eligible for $12M-$14.4M in federal grants for the Colorado Department of Transportation. Unfortunately the bill was killed in the House Appropriations committee on Monday by a 7-6 vote. It is unlikely that the bill will be revived this Session. More to come on this issue in next week’s Legislative wrap-up. * * * * * * * * HB 1344, sponsored by Rep. Christine Scanlan (D-Summit) and Sen. Betty Boyd (D-Lakewood), was supported by the Colorado Trial Lawyers Association and attempted to raise the caps on non-economic damage awards in medical malpractice cases. The bill would also require the Colorado Division of Insurance to approve any rate increase over 5% for physician liaiblity insurance. The bill was gutted by the sponsor in the House Judiciary committee, where Rep. Scanlan removed the cap increase for fear that she did not have the votes to get the bill out of committee The bill passed out of committee 7-5, but later died on the House floor the next day by a vote of 39-26. HB 1273, sponsored by Rep. John Kefalas (D-Fort Collins) and Sen. Joyce Foster (D-Denver) would have created a single payer health care system in Colorado. The bill died on the House floor at the request of its sponsor, Rep. Kefalas, because he did not have the votes to pass it. * * * * * * * * Questions or Comments? Please contact: Melissa Kuipers – VP of Government Relations and Communications
* * * * * * * * 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.
|
DEALER NEWS & INFORMATION
The Bill, H.R. 1550, rewards owners of cars that are nine years old or older if they turn those cars in for something more fuel efficient and emits less pollution.
TO REGISTER ONLINE FOR ANY CADA
