Legislative and Regulatory Resources

Download a copy of the Bonus Depreciation statement.

Download a summary of the July 19, 2010 requirements.

Download a copy of Communicating with Congress

Download a copy of Communicating with Congress After a Washington, D.C. visit

Download a copy of the DISCLOSE Act Letter to Senate

The U.S. Department of Labor has a valuable resource - an interactive Web site developed to help employers and employees understand their rights and responsibilities under numerous federal employmnet laws. The elaws Web site can be found at www.dol.gov/elaws.

Both employees and employers can benefit from the elaws Advisors. These Advisors mimic the interaction an individual might have with a DOL representative by asking questions, providing information, and directing the user to the appropriate resolution.

Download a copy of the Unemployment Release

 Equipment Titling and Registration

A special task force is discussing issues related to titling and registration. NAEDA is a member of the Equipment Titling and Registration Task Force, which developed a briefing paper that outlines the issues under review.

Click on the link below to download a copy:

Titling and Registration Briefing Paper

For information or to submit comments, contact: titlingandregistration@naeda.com.

FACTA Red Flags Rule deadline extended

December 31, 2010, is the new deadline set by the Federal Trade Commission (FTC) for financial institutions and creditors. Only the enforcement deadline is extended, the actual law is in place and dealers need to have compliance plans to secure nonpublic information to protect against identity theft. The extension was determined as necessary to provide additional resources and compliance guidance to businesses. The extension also will give creditors and financial institutions more time to review guidelines and put into place written identity theft prevention programs to protect nonpublic and personal information of customers and employees.

An association-prepared summary of the guidelines, which includes a sample plan, has been developed for U.S. equipment dealers. Click FACTA to review or download.

Download a copy of the Fair Labor Standards Act - Federal Overtime Rules.  

Download the Farm Dust Letter to the EPA

Click here for a summary of the Federal Reserve meeting in Kansas City, June 8-9, 2010.

• Health Care Update Q&A
• KPA -- Health Care Reform
• Critical Employer Issues in the Patient Protection and Affordable Care Act
• Affordable Care Act Young Adults Fact Sheet
• Healthcare Aftermath - New Realities for Businesses
• Healthcare Implementation Timeline
• Healthcare Reform Law - Timeline for Small Business
• Five Unaffordable Facts About the New Healthcare Law

NAEDA and its affiliated associations developed this interactive map of sales tax information to provide dealers with a single-source summary of exemptions by province and state.

Click here for Sales Tax Exemptions map.

For information, contact NAEDA.

Download the U.S.-Korea Free Trade Agreement letter

What is the Uniform Commercial Code (UCC)?

The Uniform Commercial Code (UCC) is a law enacted in all 50 states to regulate commercial transactions. Article 9 of the UCC allows for a public notice (UCC-1) to be filed in a designated state filing office by dealers (or lenders) to perfect their security interests in equipment that is bought and/or financed. The UCC-1 filing is valid for five years and can be continued to extend the financing statement for additional terms of five years. Filing is usually with the office of the Secretary of State in the state of residence, incorporation or business formation.

Why you need to know about the UCC law

As a buyer and/or a seller of equipment, you need to protect yourself and your business from potential losses because of outstanding equipment liens.

NAEDA resources for conducting a UCC lien search

NAEDA has developed the Universal Commercial Code (UCC) Lien Search program to help dealers search for and discover problem liens before costly equipment transactions are made. For more information about the NAEDA UCC Lien Search program, contact NAEDA.

• UCC brochure: “The Universal Commercial Code (UCC) – What it means to your business”
• UCC resources by state: An interactive U.S. map linking to state business entity searches, UCC search and UCC forms
• UCC release form:  NOTE: The Disclaimer of Security Interest form is designed to address the blanket security interest issues many dealers face when they take in on trade any piece of used equipment. When signed by a lender, i.e., a bank, this form releases the security interest of the bank in the specifically described equipment that is being traded in for new equipment.
• Click here for a statement from NAEDA legal counsel regarding UCC lien searches.