HANOVER, Md. -

The National Automotive Finance Association is again hosting the opening module of its Consumer Credit Compliance Certification Program; the ongoing training endeavor to help finance companies and other stakeholders in the industry tackle the increasingly difficult challenge of complying with federal and state regulatory requirements.

The NAF Association will welcome another cohort of students during the training session scheduled for April 21 through April 22 in Tampa, Fla.

The certification program is designed to provide the compliance professional with a solid working knowledge of the federal laws and regulations that govern consumer credit, together with a representative overview of state consumer credit law.

The program consists of four modules — two presented in an in-person classroom setting and two in an online format at the student’s own pace. Each module includes multiple sessions and each session provides a thorough outline and description of the applicable law or regulation. Each session is followed by an online test that must be passed to receive credit for the session.

“The program provides the student with a comprehensive breakdown, as well as ‘in total’ walk-through, of the consumer credit laws and regulations, preparing graduates to perform in a compliance role. The course work is rigorous,” NAF Association executive director Jack Tracey said.

Tracey noted there are 22 hours of classroom work and it likely takes 30 minutes to an hour to complete each of the 29 online sessions.

After successfully completing the program, the graduate will be recognized as a Certified Consumer Credit Compliance Professional. Tracey indicated the Certified Compliance Professional must complete continuing education every two years to maintain certification.

“The continuing education will provide updates on statutory and regulatory requirements, and discuss developments,” he said.

To register for the next module or for more details about the Consumer Credit Compliance Certification Program, visit this website.