MASTERY EXAM - AUTO INDUSTRY
DIVISION CORRECT 100%
law enforcement has to be notified in how long about repossessed vehicles -
ANSWERONE HOUR
repossession - ANSWER- has to be 10 dayslate
- 20 days to cure
(30 days total)
- only needs ONE right to cure letter
info needed on a right to cure letter - ANSWER(Name, address, and telephone
number of creditor)
(Account number, if any)
(Brief identification of credit transaction) ______________________ (Date) is the
LAST DATE FOR PAYMENT. ______________________ (Amount) is the AMOUNT
NOW DUE
if you are convicted of felony you have how many days to report it to the board? -
ANSWER30 days to report
what information does the board not need reported? - ANSWERtraffic violations aka
tickets for example
what can we not put in ads and why - ANSWERwe can't put tax rate because we
don't know what it will be
ads are - ANSWER- window stickers
- commercials
- typically answer is all of the above
what word must be included in ads? - ANSWERDEALER
demo plates are for - ANSWERpotential customer test drives
vehicles that are for sale or lease only
demo plates are not for - ANSWER- employees
- after hour BCA (borrowed car agreement)
- commercial vehicles
depot plates - ANSWERfor after inspection
to test car & make sure car is good to sell
Lemon Law covers - ANSWER- anything that does substantially impair vehicle
DIVISION CORRECT 100%
law enforcement has to be notified in how long about repossessed vehicles -
ANSWERONE HOUR
repossession - ANSWER- has to be 10 dayslate
- 20 days to cure
(30 days total)
- only needs ONE right to cure letter
info needed on a right to cure letter - ANSWER(Name, address, and telephone
number of creditor)
(Account number, if any)
(Brief identification of credit transaction) ______________________ (Date) is the
LAST DATE FOR PAYMENT. ______________________ (Amount) is the AMOUNT
NOW DUE
if you are convicted of felony you have how many days to report it to the board? -
ANSWER30 days to report
what information does the board not need reported? - ANSWERtraffic violations aka
tickets for example
what can we not put in ads and why - ANSWERwe can't put tax rate because we
don't know what it will be
ads are - ANSWER- window stickers
- commercials
- typically answer is all of the above
what word must be included in ads? - ANSWERDEALER
demo plates are for - ANSWERpotential customer test drives
vehicles that are for sale or lease only
demo plates are not for - ANSWER- employees
- after hour BCA (borrowed car agreement)
- commercial vehicles
depot plates - ANSWERfor after inspection
to test car & make sure car is good to sell
Lemon Law covers - ANSWER- anything that does substantially impair vehicle
