Phoenix, 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.”
The American Recovery Association’s New Compliant Light Software System Ensures Its Members Are Certified and Compliant
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).
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.
Kevin Cave, 36, of Bellevue, Nebraska, a former Omaha Police officer was sentenced to a mere three years probation and fined $8,000 after being convicted of improper computer searches which were used to help locate and repossess vehicles for relatives of his who owned car dealerships.
San 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.
San Antonio, TX – November 14, 2013 – In broad daylight in front of an apartment complex, an unnamed San Antonio Repo Man was shot in the leg by a shotgun as he attempted the repossession of a PT Cruiser.
Liberty 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.
Jefferson, OH – November 8, 2013 – As if there was a way this could go well… According to police reports, an attempt to repossess a vehicle with a forklift wound up injuring one man when the owner discovered the plan and drove his SUV directly off the forklift’s arms.
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.