ProMax Dealer Updates

Important Information About Your Credit Bureaus

 

Great News- ProMax and NCC Have Joined Forces!

 

Starting April 30, 2018 we are excited to have you be a part of the NCC family. Over the next couple of days, your new NCC Account Manager will be contacting you to introduce themselves and work with you to ensure you have no disruption of service.

For your convenience, if you would like to schedule a meeting please feel free to contact us at 877.709.7222, [email protected], or click below to schedule your appointment.

Welcome to NCC!

 

Spring Sale on Lead Generation Services!

ProMax Version Release 2018.4.11.2 - April 12, 2018

AutoCheck Issue Resolved

The issue that was preventing dealers from accessing AutoCheck vehicle history reports from within ProMax has been resolved.

We apologize for any inconvenience this may have caused.

Training Spotlight - Military Lending Act

Training Spotlight of the Month

Military Lending Act (MLA)

Compliance Solution

The Military Lending Act (or MLA) protects military personnel and covered dependents from certain lending practices. This directly affects auto dealerships as “covered borrowers”; effective APR cannot exceed 36% when GAP, Service Contract, and Credit Insurance are included. ProMax offers an all-in-one solution to help your dealership remain compliant with MLA.

Learn all about the Military Lending Act: what it is, how it affects your dealership, and how the ProMax solution seamlessly keeps you compliant.

 

Watch this month's video

 

 

• The MLA Compliance Solution works regardless of credit bureau pulled (TransUnion, Equifax, or Experian)

• MLA status can be seen on the customer’s credit bureau and in the note section of the Customer Workscreen

• MLA covered borrowers are further flagged within the Customer Workscreen, Prospect Log, and Compliance Review Report

• For MLA covered borrowers, users receive a pop-up warning within the Desking screen if the effective APR exceeds the maximum allowed of 36%