What are the 'Red Alerts' related to CNAC that Byrider franchisees should be aware of?

Based on the 2025 Byrider Franchise Disclosure Document, Byrider franchisees should be aware of the Byrider/CNAC Red Flag and Identity Theft Program. This program is listed as Exhibit A.35a within Appendix A of the FDD.

This implies that Byrider and its related finance company, CNAC, have specific procedures and policies in place to detect and prevent identity theft, which is a critical area of compliance for businesses involved in financing. Franchisees must adhere to the Byrider/CNAC Red Flag and Identity Theft Program to ensure they are meeting their legal and ethical obligations related to consumer protection and data security.

Prospective franchisees should carefully review Exhibit A.35a to understand the specific requirements of the Red Flag and Identity Theft Program. This will help them implement the necessary procedures at their franchise location and train their staff accordingly. Failure to comply with these requirements could result in legal and financial repercussions for the franchisee.