Thursday, September 02, 2010
FLA revises SAF finance test
The update includes a new module on the requirements of the Consumer Credit Directive (CCD), which the motor industry has until 31 January 2011 to implement.
With SAF, the FLA is aiming to raise the standard of finance advice offered in dealer showrooms.
It is hoped the update will help dealership staff to prepare for the key regulatory changes and ensure that car buyers are provided with the very best information and protection linked to motor finance.
FLA head of motor finance Paul Harrison said: "The addition of the CCD module to the SAF Reference Material makes free information on CCD compliance readily available. We hope this will be a valuable resource for the industry and help it prepare for the changes it will face under the CCD.
"The extensive update of the Reference Material will ensure that SAF users have the most up-to-date information on how the finance products being sold in dealerships work."
DATED: 02.09.10
FEED: MT
