Compliance Alerts

November 2022

 

Effective State Changes

 

CALIFORNIA        

SB 1193 authorizes the California DMV to send electronic notifications to citizens regarding their vehicles. Effective January 1, 2023.

 

MICHIGAN

SB 1064 was signed into law by Governor Whitmer on October 14, 2022. Among other provisions, the bill requires a new vehicle dealership to meet certain requirements before opening, such as: posting signage of operating hours, not locating within two hundred feet of another licensed dealer, and maintaining all books and records necessary to conduct business on site. Effective January 23, 2023.

 

WASHINGTON, D.C.

Approved by Mayor Muriel Bowser on July 27, 2022, B24 457/Act 24-0529 was sent for congressional review on August 9th. The bill has a projected enactment date of November 10, 2022. The bill authorizes and regulates remote notarizations. Effective November 10, 2022.

 

Effective Federal Changes     

 

FEDERAL TRADE COMMISSION

The FTC voted and announced on November 15, 2022 that it was extending the compliance deadline for the revised Safeguards Rule by six months. The updated Safeguards Rule addresses the use and protection of customer's personal data including requiring two-factor authentication and the creation of an incident response plan. The new effective date for compliance will be June 9, 2023.