Posts by Nicholas

NADA recently released a comprehensive new Driven guide on the federal disclosure requirements and limitations applicable to consumer leasing transactions. Federal Consumer Leasing Act Requirements, prepared for NADA by Hudson Cook consumer leasing expert Thomas Buiteweg, is a companion guide to NADA’s 2018 Guide to Federal Truth In Lending Requirements. The new...

More than 110 of New Jersey’s largest business associations signed a letter sent to the legislature on November 30, 2020 regarding the Employer Protection sections containted in the recreational cannabis legalization bills (A-21 / S-21) being considered by the Legislature. The effort was spearheaded by the New Jersey Business...

The CDC has recently issued changes to its COVID-19 quarantine recommendations, as well as its guidance for travelers who are not exhibiting COVID-19 symptoms. Quarantine and Exposure The most recent CDC guidance says someone who has been in close contact with an infected person needs to quarantine, unless the exposed person...

A number of dealers were elected to serve on the NJ CAR Board of Trustees with terms of office beginning November 1, 2020. Attached to this NewsLetter is a list of the entire NJ CAR Board of Trustees with newly-elected members in bold type. There is one (1)...

The Federal Reserve Board  and Consumer Financial Protection Bureau (CFPB) today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2021. These thresholds are set pursuant to the Dodd-Frank Wall Street Reform...

California Gov. Gavin Newsom, earlier this week, implemented new COVID-19 restrictions that impact dealerships, in an effort to limit the spread of the virus. As coronavirus cases continue to rise across the country, dealerships...