Remember when compliance experts spent years discussing the Safeguards Rule? You know, the mandate that requires non-banking financial institutions, such as car dealers, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe?

Well, the Federal Trade Commission brought it back to the automotive industry’s attention again on Monday. The FTC released frequently asked questions that discuss the requirements of the Safeguards Rule, which was mandated by the Gramm-Leach-Bliley Act and how it specifically applies to car dealers.

Among the 17 questions covered in the document available online, they included:

—What does the Safeguards Rule require automobile dealers to do?

—What automobile dealers qualify as financial institutions?

—How do I know if I have a notification event?

—If I do not “hold the paper” or take possession of customers’ car loans, do I have a “continuing relationship” with the customer?  If I no longer have a continuing relationship, does the Safeguards Rule still require me to protect the information received from the customer?

“The FTC is committed to providing certainty to the marketplace and ensuring that it administers its regulations in a manner that minimizes burden to legitimate businesses,” officials said in a news release