While the first cohort will be completing the training at the same location as next month’s Used Car Week, the National Automotive Finance Association is now beginning enrollment for its next group of professionals who are looking to complete the Consumer Credit Compliance Certification Program.

NAF Association officials announced the first module of the program will be conducted on Jan. 8 and 9 at the Atlanta Airport Marriott in Atlanta.

After the day and a half of classroom-style learning in Atlanta for Module No. 1, participants will move onto the 29 self-paced Web-based sessions covering federal and state laws and regulations that govern the auto financing business. Successful testing throughout the program is necessary before progressing in the program.

The certification of Compliance Professional awarded upon completion of Module No. 4, a live classroom session covering the Consumer Financial Protection Bureau.

The NAF Association opened the program earlier this year and is on tap to close the first round of curriculum with that fourth module at the Red Rock Casino, Resort and Spa in Las Vegas, also the site of Used Car Week that begins on Nov. 10.

NAF Association executive director Jack Tracey explained why the compliance training is so important for finance companies to consider nowadays.

“A critical part of a compliance management system is staffing it with qualified compliance personnel,” Tracey said. “A company having their compliance officer(s) certified through a comprehensive educational program is a clear demonstration of the importance the organization places on compliance.”

 This program is available to the staff of NAF Association member companies at the price of $2,000 per person and non-member companies at $2,600 per person.

Tracey noted registration rates for non-member companies are increasing. After Dec. 1, the cost for staff of non-member companies will be $3000.

“Register early to reserve your spot and avoid the registration increase,” Tracey said.

Executives and managers can complete the registration process by going to this website.