MRAA introduces Federal Regulatory Compliance Guide
Marine Retailers Association of the Americas
September 10, 2012
Filed under News
MINNEAPOLIS — The Marine Retailers Association of the Americas has partnered with Priority One Financial Services to create the MRAA Federal Regulatory Compliance Guide, a handbook for marine dealers on how to develop the appropriate policies and procedures to comply with federal financial regulations.
This incredible resource not only provides dealers with a clear understanding of the often-complicated federal regulations, but also offers them key insights into how to maintain compliance with those laws. The 44-page publication includes an overview of the eight regulations that pertain to marine dealers, important considerations for ensuring your business is compliant and many of the specific forms you need to complete, as well as a checklist for monitoring your business’ progress when it comes to compliance.
“Those companies that are not compliant with these regulations risk thousands, even millions of dollars in fines and penalties,” says Liz Walz, MRAA Director of Membership & Marketing. “This publication will help our members ensure that they are staying on top of the regulations and ahead of the enforcement of them, while providing their customers with a secure pathway to boat financing. It is one more example of how the MRAA provides much-needed resources to help its members succeed.”
MRAA will deliver a free copy of this publication to any new or renewing members who join the association in the month of September. It is also available to current members through the growing MRAA Rewards Resource Center, available at MRAA.com.
“There couldn’t be a better time for dealers to gain access to this information,” says Heather Mariscal, President of Priority One. “The federal government has been increasing its enforcement of regulations such as the eight discussed in this guide. This guide focuses exclusively on that which is applicable to boat dealers, making it possible for dealers to protect their customers’ information and shield their businesses from fines and penalities that could threaten the the financial stability of their dealerships.”