This session breaks down which loans qualify for the BBB Vehicle Interest Deduction, along with the related interest-rate reduction, reporting, and disclosure requirements. You’ll review current IRS guidance and the latest clarifications, then translate that guidance into practical steps credit union teams can apply in day-to-day lending operations. 

Attendees will learn how to determine eligibility under 1098-VLI by evaluating vehicle loan types, collateral categories, and common borrower scenarios—what qualifies and what does not. The session also covers how to execute accurate Form 1098-VLI reporting, including required data elements, timing, and member disclosures, to support compliance and reduce disputes. Finally, you’ll identify frequent operational gaps and control opportunities that can help mitigate audit findings and regulatory risk, while ensuring member-facing and internal communication stays clear and consistent.