AZ Law Has Police Doing Repossessions

police_stopPhoenix, AZ – November 26, 2013 – What if borrowers who were 90 days delinquent were pulled over by police at gunpoint, cuffed and handled like car thieves? Well, it’s a reality as the result of Arizona criminal code 13-1813 “Unlawful failure to return a motor vehicle subject to a security interest; notice; classification.”

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World’s Largest Recovery and Remarketing Association Announces New Compliance Monitoring Software

ara_logo

The American Recovery Association’s New Compliant Light Software System Ensures Its Members Are Certified and Compliant 

 Press Release

IRVING, Texas – Nov. 22, 2013 – The world’s largest recovery and remarketing association, American Recovery Association (ARA), recently launched a new compliance monitoring software system to help its lenders view the compliancy of all available recovery agents. The new software was created in response to the recent compliance regulations set out by the Consumer Financial Protection Bureau (CFPB).

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Del Mar Recovery Solutions chooses Recovery Industry Services Company (RISC) Vendor Compliance Reporting to maintain their third party vendor compliance

del_mar_rcvryPRESS RELEASE

Carlsbad, CA – Del Mar Recovery Solutions has chosen RISC Vendor Compliance Reporting (VCR) database management software to monitor and maintain their third party vendor compliance.

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Shot TX Repo Man in Serious Condition

ambulanceSan Antonio, TX – November 14, 2013 – Last week, we reported that an unnamed Repo Man was shot in the leg as he attempted a repossession and was not believed to be life-threatening and is expected to recover. News 4 of San Antonio has updated the story and the prognosis for the now identified man is more serious than originally reported.

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Homeowner Claims he was attacked during Repo Dispute

police_sceneLiberty Lake, WA – November 8, 2013 – A 2010 confrontation with a repo man turned into an expensive and painful day for resident Franklin Duncan. He broke his finger, was pepper-sprayed in the face and later shocked by police with a stun gun, all on his own property within a gated Liberty Lake golf community.

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TN Continues its Attempts to Regulate the Repossession Industry

TN_tow“There’s no amount of money in this world worth a man’s life,”

Memphis, TN – November 7, 2013 – Deaths in Tennessee resulting from repossession incidents have once again renewed the call for regulating the repossession industry as House Bill 2276– which was introduced, implements system for regulating repossession agencies and collateral recovery agents.

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