|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the AN 10-K filed Feb 17, 2010. Automotive and Other Laws and Regulations Our operations are subject to the National Traffic and Motor Vehicle Safety Act, Federal Motor Vehicle Safety Standards promulgated by the United States Department of Transportation, and the rules and regulations of various state motor vehicle regulatory agencies. The imported automobiles we purchase are subject to United States customs duties and, in the ordinary course of our business we may, from time to time, be subject to claims for duties, penalties, liquidated damages, or other charges. Our financing activities with customers are subject to federal truth-in-lending, consumer leasing, and equal credit opportunity laws and regulations as well as state and local motor vehicle finance laws, leasing laws, installment finance laws, usury laws, and other installment sales and leasing laws and regulations, some of which regulate finance and other fees and charges that may be imposed or received in connection with motor vehicle retail installment sales and leasing. Claims arising out of actual or alleged violations of law may be asserted against us or our stores by individuals, a class of individuals, or governmental entities and may expose us to significant damages or other penalties, including revocation or suspension of our licenses to conduct store operations and fines. These excerpts taken from the AN 10-K filed Feb 17, 2009. Automotive
and Other Laws and Regulations
We operate in a highly regulated industry. A number of state and
federal laws and regulations affect our business. In every state
in which we operate, we must obtain various licenses in order to
operate our businesses, including dealer, sales and finance, and
insurance licenses issued by state regulatory authorities.
Numerous laws and regulations govern our conduct of business,
including those relating to our sales, operations, financing,
insurance, advertising, and employment practices. These laws and
regulations include state franchise laws and regulations,
consumer protection laws, privacy laws, escheatment laws,
anti-money laundering laws, and other extensive laws and
regulations applicable to new and used motor vehicle dealers, as
well as a variety of other laws and regulations. These laws also
include federal and state
wage-hour,
anti-discrimination, and other employment practices laws.
Our financing activities with customers are subject to federal
truth-in-lending,
consumer leasing, and equal credit opportunity laws and
regulations as well as state and local motor vehicle finance
laws, leasing laws, installment finance laws, usury laws, and
other installment sales and leasing laws and regulations, some
of which regulate finance and other fees and charges that may be
imposed or received in connection with motor vehicle retail
installment sales and leasing. Claims arising out of actual or
alleged violations of law may be asserted against us or our
stores by individuals, a class of individuals, or governmental
entities and may expose us to significant damages or other
penalties, including revocation or suspension of our licenses to
conduct store operations and fines.
Our operations are subject to the National Traffic and Motor
Vehicle Safety Act, Federal Motor Vehicle Safety Standards
promulgated by the United States Department of Transportation,
and the rules and regulations of various state motor vehicle
regulatory agencies. The imported automobiles we purchase are
subject to United States customs duties and, in the ordinary
course of our business we may, from time to time, be subject to
claims for duties, penalties, liquidated damages, or other
charges.
Automotive and Other Laws and Regulations We operate in a highly regulated industry. A number of state and federal laws and regulations affect our business. In every state in which we operate, we must obtain various licenses in order to operate our businesses, including dealer, sales and finance, and insurance licenses issued by state regulatory authorities. Numerous laws and regulations govern our conduct of business, including those relating to our sales, operations, financing, insurance, advertising, and employment practices. These laws and regulations include state franchise laws and regulations, consumer protection laws, privacy laws, escheatment laws, anti-money laundering laws, and other extensive laws and regulations applicable to new and used motor vehicle dealers, as well as a variety of other laws and regulations. These laws also include federal and state wage-hour, anti-discrimination, and other employment practices laws. Our financing activities with customers are subject to federal truth-in-lending, consumer leasing, and equal credit opportunity laws and regulations as well as state and local motor vehicle finance laws, leasing laws, installment finance laws, usury laws, and other installment sales and leasing laws and regulations, some of which regulate finance and other fees and charges that may be imposed or received in connection with motor vehicle retail installment sales and leasing. Claims arising out of actual or alleged violations of law may be asserted against us or our stores by individuals, a class of individuals, or governmental entities and may expose us to significant damages or other penalties, including revocation or suspension of our licenses to conduct store operations and fines. Our operations are subject to the National Traffic and Motor Vehicle Safety Act, Federal Motor Vehicle Safety Standards promulgated by the United States Department of Transportation, and the rules and regulations of various state motor vehicle regulatory agencies. The imported automobiles we purchase are subject to United States customs duties and, in the ordinary course of our business we may, from time to time, be subject to claims for duties, penalties, liquidated damages, or other charges. These excerpts taken from the AN 10-K filed Feb 28, 2008. Automotive
and Other Laws and Regulations
We operate in a highly regulated industry. A number of state and
federal laws and regulations affect our business. In every state
in which we operate, we must obtain various licenses in order to
operate our businesses, including dealer, sales and finance, and
insurance licenses issued by state regulatory authorities.
Numerous laws and regulations govern our conduct of business,
including those relating to our sales, operations, financing,
insurance, advertising, and employment practices. These laws and
regulations include state franchise laws and regulations,
consumer protection laws, privacy laws, escheatment laws,
anti-money laundering laws, and other extensive laws and
regulations applicable to new and used motor vehicle dealers, as
well as a variety of other laws and regulations. These laws also
include federal and state
wage-hour,
anti-discrimination, and other employment practices laws.
Our financing activities with customers are subject to federal
truth-in-lending,
consumer leasing, and equal credit opportunity laws and
regulations as well as state and local motor vehicle finance
laws, leasing laws, installment finance laws, usury laws, and
other installment sales and leasing laws and regulations, some
of which regulate finance and other fees and charges that may be
imposed or received in connection with motor vehicle retail
installment sales and leasing. Claims arising out of actual or
alleged violations of law may be asserted against us or our
stores by individuals, a class of individuals, or governmental
entities and may expose us to significant damages or other
penalties, including revocation or suspension of our licenses to
conduct store operations and fines.
Our operations are subject to the National Traffic and Motor
Vehicle Safety Act, Federal Motor Vehicle Safety Standards
promulgated by the United States Department of Transportation,
and the rules and regulations of various state motor vehicle
regulatory agencies. The imported automobiles we purchase are
subject to United States customs duties and, in the ordinary
course of our business we may, from time to time, be subject to
claims for duties, penalties, liquidated damages, or other
charges.
Automotive and Other Laws and Regulations We operate in a highly regulated industry. A number of state and federal laws and regulations affect our business. In every state in which we operate, we must obtain various licenses in order to operate our businesses, including dealer, sales and finance, and insurance licenses issued by state regulatory authorities. Numerous laws and regulations govern our conduct of business, including those relating to our sales, operations, financing, insurance, advertising, and employment practices. These laws and regulations include state franchise laws and regulations, consumer protection laws, privacy laws, escheatment laws, anti-money laundering laws, and other extensive laws and regulations applicable to new and used motor vehicle dealers, as well as a variety of other laws and regulations. These laws also include federal and state wage-hour, anti-discrimination, and other employment practices laws. Our financing activities with customers are subject to federal truth-in-lending, consumer leasing, and equal credit opportunity laws and regulations as well as state and local motor vehicle finance laws, leasing laws, installment finance laws, usury laws, and other installment sales and leasing laws and regulations, some of which regulate finance and other fees and charges that may be imposed or received in connection with motor vehicle retail installment sales and leasing. Claims arising out of actual or alleged violations of law may be asserted against us or our stores by individuals, a class of individuals, or governmental entities and may expose us to significant damages or other penalties, including revocation or suspension of our licenses to conduct store operations and fines. Our operations are subject to the National Traffic and Motor Vehicle Safety Act, Federal Motor Vehicle Safety Standards promulgated by the United States Department of Transportation, and the rules and regulations of various state motor vehicle regulatory agencies. The imported automobiles we purchase are subject to United States customs duties and, in the ordinary course of our business we may, from time to time, be subject to claims for duties, penalties, liquidated damages, or other charges. This excerpt taken from the AN 10-K filed Feb 28, 2007. Automotive
and Other Laws and Regulations
We operate in a highly regulated industry. A number of state and
federal laws and regulations affect our business. In every state
in which we operate, we must obtain various licenses in order to
operate our businesses, including dealer, sales and finance and
insurance licenses issued by state regulatory authorities.
Numerous laws and regulations govern our conduct of business,
including those relating to our sales, operations, financing,
insurance, advertising and employment practices. These laws and
regulations include state franchise laws and regulations,
consumer protection laws, privacy laws, escheatment laws,
anti-money laundering laws and other extensive laws and
regulations applicable to new and used motor vehicle dealers, as
well as a variety of other laws and regulations. These laws also
include federal and state
wage-hour,
anti-discrimination and other employment practices laws.
Our financing activities with customers are subject to federal
truth-in-lending,
consumer leasing and equal credit opportunity laws and
regulations as well as state and local motor vehicle finance
laws, leasing laws, installment finance laws, usury laws and
other installment sales and leasing laws and regulations, some
of which regulate finance and other fees and charges that may be
imposed or received in connection with motor vehicle retail
installment sales and leasing. Claims arising out of actual or
alleged violations of law may be asserted against us or
Table of Contents
our stores by individuals or governmental entities and may
expose us to significant damages or other penalties, including
revocation or suspension of our licenses to conduct store
operations and fines.
Our operations are subject to the National Traffic and Motor
Vehicle Safety Act, Federal Motor Vehicle Safety Standards
promulgated by the United States Department of Transportation
and the rules and regulations of various state motor vehicle
regulatory agencies. The imported automobiles we purchase are
subject to United States customs duties and, in the ordinary
course of our business we may, from time to time, be subject to
claims for duties, penalties, liquidated damages or other
charges.
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for AN: |
| |||||||
