FTC's Privacy Rule and Auto Dealers: FAQs
The Federal Trade Commission (FTC) has developed these additional FAQs to help auto dealers comply with the Gramm-Leach-Bliley Act and the FTC’s Privacy Rule. The following questions and answers show how the Privacy Rule applies to specific situations that auto dealers may face. Before reading this, you may want to familiarize yourself with the FTC’s small business guide, How To Comply with the Privacy of Consumer Financial Information Rule of the Gramm-Leach-Bliley Act, and the Frequently Asked Questions for the Privacy Regulation. Other business guidance is available on the FTC’s Gramm-Leach-Bliley Act page.
Please note that this information does not address possible legal obligations you may have under the FTC Safeguards Rule, the Fair Credit Reporting Act, or other federal and state laws.
1. Does the Privacy Rule apply to me?
The Privacy Rule applies to car dealers who:
Do you have a Privacy Policy in your dealership? If the answer to this is no, we have an easy solution for you. Download our Privacy Policy Worksheet and we can create your privacy policy based on the information submitted. We will provide an electronic copy of the privacy policy making it easy to provide to your customer.