Oklahoma Independent Automobile Dealers Association

Serving Oklahoma Independent Dealers Since 1955

All rights reserved © 2014 ADR of OklahomaTM


Board of Directors

John T. Longacre, IV, President

Chris Goad, Chairman

Chris Codding, Sec-Treasurer

Julian Codding

David McQuerry

Monte Shockley

Ryan Derr

Monte Freeman


Executive Directors

Rose and Odell Morgan

OIADA Office

813 NW 34, Moore OK 73160

405.232.2947

800.346.4232

877.804.3449 (fax)

UMV&PC Commission Meeting
  1. SB 1588 to abolish the Commission will not be pursued.
  2. SB 792 to regulate car crushers is active.
  3. HB 3368, Vehicle Condition Disclosure Act, will not be pursued this year but may be revisited in 2015.

Full Report>>

State Agency News...

First enforcement under amended Rule results in $1.9 Million Settlement

Risk-Based Pricing Rule Violation

12/19/2013 - Time Warner Cable, Inc. has agreed to settle FTC charges that the company violated the Risk-Based Pricing (RBP) Rule, which requires creditors (including car dealers) to give notice to consumers who are provided less favorable credit terms based on information in their credit reports.

According to the FTC, if the credit report contains negative information, Time Warner Cable may require the consumer to pay a deposit or pre-pay the first month’s bill. Consumers with more favorable credit histories are not required to pay a deposit or the first month’s bill. The FTC’s complaint alleges that Time Warner Cable failed to provide the required risk-based pricing notices to consumers.

The RBP Rule derives from the Fair Credit Reporting Act (FCRA)

Risk-Based Pricing Notice Requirements>>

FCRA Summary>>

Federal Agency News...

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Call OIADA 1.800.346.4232         O&R Morgan, Inc.

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03/11/2014 Highlights

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