A LETTER TO OUR DEALERS ABOUT IADA-CVR What We Get Accomplished with Your Support and Partnership IADA is as strong as our members, you! Thanks for your participation in our Association Programs, especially IADA-CVR, which allow us to achieve so many of these accomplishments for you. Product and transaction milestones/benefits • Fully integrated All-State solution with ATC • Increased customer ERT fee back to dealers • Data Images of all processed docs within each dealership's CVR system • SOS transaction report within each dealership's CVR system • Fast/secure/error-free • IADA University-Free training • IADA-CVR has processed more than 16 million applications for our IL dealers over the last 10 years Legislative accomplishments supported by dealer investment in CVR • IADA passed legislation addressing Lease tax reform. • IADA assisted passing legislation regarding warranty reimbursement increase. • IADA passed legislation restoring the full tax trade-in credit. • IADA passed legislation extending a 90-day driveaway permit. • IADA passed legislation to reduce SOS late fees. • IADA passed legislation to create a $20 Dealer reassignment title. • IADA passed legislation twice to raise the allowable doc. fee to $300 (adjusted annually based on CPI). • IADA passed legislation to allow dualing of multiple franchises under one roof. • IADA passed legislation preventing manufacturers from owning or operating dealerships in Illinois. • IADA passed legislation providing surviving dealerships with stronger termination rights. • IADA passed legislation exempting dealers from a rental tax when loaner vehicles are issued under provisions of a warranty or service contract. • IADA passed legislation to strengthen the IL Motor Vehicle Franchise Act (parts reimbursement at retail rate, double the time up to 30 days to file a protest, award expert witness fees). • IADA passed legislation to bring dealers of large truck components under the Motor Vehicle Franchise Act. • IADA defeated the Attorney General bill that would have required you to disclose your profit margin on all F&I contracts. • IADA defeated legislation that would have created an unfair Gross Receipts Tax. • IADA defeated legislation 5 consecutive years that would force dealers to open on Sundays. IADA Legislative & Regulatory Update 22
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