Houston, Texas – The National Alliance of Buy Here, Pay Here Dealers (NABD) today announced that it will host a BHPH Compliance Academy at the Wynn in Las Vegas on May 18-20, 2014. This program is designed for both new and experienced operators who want to learn about important compliance matters and ways to implement them through best practices.
Kenneth Shilson, CPA, founder, and conference chairman explained, “The Compliance Academy replaces our previous “sold out” Dealer Academy which has preceded our National BHPH Conference for the past two years. With the CFPB, the FTC, and state Attorneys General now focusing on the BHPH industry, compliance needs to take ‘center stage’. This Academy will benefit people entering the business, owners, key employees, capital providers, chief compliance officers, general managers, collectors, and anyone seeking a proactive approach toward successfully implementing a compliance management system. This will not be a boring lecture format and instead includes interactive panel sessions with some of the nation’s best operators, attorneys, and experts. All attendees receive a certificate for their participation,” Shilson added.
Future success in the BHPH and LHPH industry depends on the practical implementation of a compliance system that will satisfy both new and existing regulatory challenges. The BHPH industry must find ways to incorporate the legal requirements of state and federal regulatory agencies into their daily operations. This will be easier said than done! This program will focus on helping operators meet these compliance challenges with examples, practical tips, and techniques. The program will address compliance in regards to underwriting, collections, capital, leasing, add-on products, recoveries, and other operating aspects. It will also focus on IRS compliance and new IRS audit issues.
The Academy will also feature an exhibit hall including technology, capital, attorneys, CPA’s, recovery experts, dealer management software, payment devices, risk management, tax preparation, and compliance related products and services. “Attendees can learn about compliance matters during the educational sessions and find solutions in the adjoining exhibit hall,” Shilson explained. Those interested in exhibiting should call Keith at (832) 767-4759, as space is limited.
Wynn Las Vegas, which recently received the prestigious Forbes Five-Star Award of Excellence, offers an exceptional venue for this Academy, and NABD has arranged unprecedented room rates of only $189. per night for reservations placed before April 18, 2014, or while supplies last. There are no hidden resort fees when you book under the group code, “NABD2014”. The room block is filling fast because of the exceptional discounts, and because Las Vegas is very busy during that week.
The Compliance Academy will be followed by the 16th Annual National Conference for Buy Here, Pay Here on May 20-22, also at Wynn Las Vegas. This is the nation’s largest BHPH conference and trade show. For information on both events and to register, visit www.bhphinfo.com or call (832) 767-4759. Compliance Academy attendees who register prior to April 18 can attend the NABD 2014 National Conference opening sessions and gala Welcome Reception on May 20 at no cost. NABD is the only used car special interest group exclusively for the self-finance industry. Membership is open to anyone in the BHPH industry and to service providers. Members pay no dues.