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www.IllinoisDealers.com
Join our mailing list!
Do you know of other member dealership employees who should be receiving the IADA Electronic Bulletins? Let us know! Send an email to Meghan Sander (msander@illinoisdealers.com), Director of Communication, with the contact information of people who should be on our distribution list.
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2020 IADA OFFICERS
Chairman
Mike Ettleson
Ettleson Cad-Bu-GMC, Inc.
Hodgkins
Vice Chairman
Rick Yemm
Yemm Chev-Bu-GMC-Chry-Jeep
Galesburg
Treasurer/Secretary
Sean Grant
Landmark Chry-Jeep-Fiat
Springfield
President
Peter Sander
IADA
Springfield
IADA Staff Contacts:
Ph# 1-800-252-8944
Pete Sander
President
Ext. 103
psander@illinoisdealers.com
Larry Doll
Legal
Ext. 105
ldoll@illinoisdealers.com
Mark Harting
Administrative Services
Ext. 110
mharting@illinoisdealers.com
Mike Healey
Member Services
Ext. 107
mhealey@illinoisdealers.com
Joe McMahon
Legislative
Ext. 113
jmcmahon@illinoisdealers.com
Meghan Sander
Member Communications
Ext. 109
msander@illinoisdealers.com
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Your IADA Partner
Moving Vehicle Registration into the future
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October 9, 2020 Volume 2020, Issue 21
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IADA Bulletin Sponsored by Endorsed Partner - Dealer Pay!
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.jpg) As IADA's endorsed provider, with over 20 years of experience, Dealer Pay is a proven payments acceptance provider who advocates for dealerships.
Dealer Pay has a desire to help grow your dealership by offering solutions that increase revenues, streamline operations, and improve profit margins and customer retention. Their Point-of-Sale solution provides the ability to offer multiple payment methods to your customers. With fast transaction speeds, detailed daily reporting and smart rate optimization, it won't take long to see the direct improvements and savings.
Contact Julie today! Email: julie@dealer-pay.com or https://www.dealer-pay.com/contact/ |
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IADA Director Elections To Get Underway
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IADA Board of Director nominations are to get underway the week of October 12. The IADA Board of Directors represents and advocates the interest of our dealer body in furthering the priorities and philosophy of IADA to represent the voice of Illinois franchised dealers, through a united effort to strengthen our industry.
The IADA Nominating Committee has made recommendations and this information will be forwarded to members in Districts 3, 4, 9 and 10. Attached is a list of IADA Board members and their respective Districts and areas they represent in the state.
Any dealer may make additional nominations, in writing, provided that the nominee has the written support of at least 5 dealer-members from their respective district.
All nominees must be recognized by the manufacturer/distributor as the franchised dealer or dealer-operator of record and must be a member in good standing of the Illinois Automobile Dealers Association. Board appointments are for a three-year period and Directors are eligible to be re-appointed or elected at the conclusion of their term. Directors normally attend 2 - 3 meetings per year and shall be reimbursed a per diem for meetings attended. Directors are required to attend at least 50% of the IADA Board of Directors' meetings each year to remain active on the Board. |
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Webinar Training For New SOS TRP Process
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The IL Secretary of State will offer 4 webinars on their new TRP program that will be going into effect on November 4th. IADA-CVR has offered to help promote the webinars to insure dealers are properly trained on their new process. We encourage all title clerks, office managers, and F&I managers who will be processing TRP's to attend at least one of the webinars being offered.
The scheduled dates and times are as follows:
Wednesday, October 14th at 11am
Thursday, October 22nd at 11am
Wednesday, October 28th at 10am
Thursday, October 29th at 2pm
To participate in the TRP training webinar, email IL@CVRREG.com and indicate which webinar you'd like to attend. You will be sent an invitation for the webinar via email.
Secretary of State Sending Out New TRPs
The Secretary of State has started sending the next generation of TRP forms to dealers. Dealers may not use the new TRPs until November 4th, when SOS will transition to the new TRP system. When you receive your initial batch of the new TRPs, SOS strongly advises that you lock them in a secure area until the November 4 transition. When the new TRP system goes live on November 4th, you can accept the new TRPs for processing. For subsequent TRP orders, you must put them into your system as accounted for within 48 hours of receipt. |
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NADA Webinar: How COVID-19 Changes What We Need from a 401(k) Plan
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NADA Webinar: How Covid-19 Changes What We Need From a 401(k) Plan
Thursday, October 22 | 1pm-2pm ET
The pandemic is impacting 401(k) plans. We're here to provide help not only to employees during these challenging times but to educate how to build an employee culture that fosters retention and recruiting of the technicians and other top talent needed by a successful dealership.
Join the Empower Retirement team Sasha Franger, Director of Thought Leadership, Tom Farias, AVP of Strategic Partnerships, and Todd Adrian, NADA Retirement Sales Director. They will share viewpoints from recent research conducted with employers like you, resources to help navigate difficult employee conversations, and insights on what forms of advice may drive improved 401(k) results.
Sponsored by: NADA Retirement from Empower
Date: Thursday, October 22
Time: 1pm-2pm ET
Presented by:
Sasha Franger | Director of Thought Leadership | Empower Retirement
Tom Farias | AVP of Strategic Partnerships | Empower Retirement
Todd Adrian | NADA Retirement Sales Director | Empower Retirement
To Register, click here. |
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General Election - November 3rd - Early Voting Has Begun
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The General Election is on November 3, 2020, but early voting and voting by mail are already available in Illinois. Information about polling locations, early voting, voting by mail (including ballot drop box locations), and registering to vote all can be found on the Illinois State Board of Elections website, click here, under the tab labeled "Information for Voters".
With the election approaching, we are reminded of Thomas Jefferson's words: "We do not have government by the majority. We have government by the majority who participate".
Please make sure your voice is heard by voting on or before November 3rd. If you are not sure who represents you on Congress or the State Legislature, you can look up your legislators in the IADA website, click here. |
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Legal Reminder Federal Odometer Exemption Changes Take effect in 2021
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Starting on January 1, 2021, the National Highway Traffic Safety Administration's new odometer rule (See October 17, 2019 IADA Bulletin) will extend the period that vehicles will be subject to federal odometer requirements. NHTSA's current odometer rule provides that vehicles that are at least 10 model years old are exempt from odometer mileage disclosure. Under NHTSA's revised rule, vehicles manufactured during or after the 2011 model year will not become exempt from odometer mileage disclosure until they are at least 20 model years old. Additional information from the National Traffic Highway Safety Administration can be found here. If you use a Power of Attorney to disclose mileage, the red and white secure power of attorney must be used to disclose mileage for all non-exempt vehicles.
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Small Business Loans of $50,000 or Less
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The U.S. Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America's smallest businesses while also ensuring sound stewardship of taxpayer dollars.
SBA and Treasury have also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly.
SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on October 2, 2020. SBA will continue to process all PPP forgiveness applications in an expeditious manner.
Click here to view the simpler loan forgiveness application.
Click here to view the instructions for completing the simpler loan forgiveness application.
Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.
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