E&C – Module 8 Quiz – Brown & Brown Dealer Services

When should an F&I manager screen a customer against OFAC sanctions data?

Only when the customer pays more than $10,000 in cash
Only when the customer is financing the vehicle
At first customer contact and again before final delivery or funding when appropriate
Only after the deal is completed

Which payment scenario generally requires a Form 8300 filing?

A customer pays $4,000 in currency and wires $15,000 from a bank account
A customer pays $12,000 with one cashier’s check that has a face amount over $10,000
A customer pays $6,000 in currency and provides a $6,000 cashier’s check with a face amount of $10,000 or less for a vehicle purchase
A customer pays $9,000 in currency and puts $6,000 on a personal credit card

A dealership may proceed with a vehicle delivery while it investigates an unresolved OFAC hit, as long as the customer has already signed the contract.

True
False

If a dealership files a voluntary Form 8300 because a transaction appears suspicious, it should not tell the customer about that suspicious filing.

True
False

E&C – Module 8 Quiz

E&C – Module 8 Quiz

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