CORP Issues Statement on Service Agreement Contracts

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CORP_MEMBERS

25 Feb 2016 – It has become more and more frequent that we as an industry have been asked to sign service contracts which are one-sided in many respects, providing maximum protections to the financial institutions while exposing our industry to greater liability, even in cases where the financial institutions are solely responsible for the actions that give rise to this exposure.

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HELP !!! The Recovery Industry is Under Major Attack!!!

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A large national forwarder is attempting to change 493

PRESS RELEASE

Fellow recovery agents, just like they tried last year, a large national forwarder is attempting to change 493 and attempting to create an exemption for themselves from licensure!

For the second year in a row they are attempting to change the definition of what a recovery agency is. They claim that they are not a recovery agency yet in the State of Michigan, in front of a Michigan state Supreme Court Judge they testified under oath that they ARE a recovery Agency!

They claim that because they “DO NOT TOUCH THE METALl” they are not a recovery agency.

The legislative session this year is very short, in fact it ends on March 01, 2016.

They are putting a lot of pressure this year to get their Bill passed into law. If it does they will be able to operate unlicensed in Florida and you won’t! You can be punished and fined by the state and they won’t!

Is that fair?

We say either regulate equally across the board or do not regulate at all.

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Are Creditors Liable for the Acts of Recovery Agents?

jdg_jdy_LGuest Editorial

Even today many creditors will argue that they are not responsible for the acts of the collateral recovery specialists they hire to recover their defaulted collateral. Their argument, which the courts disagree with, is that the collateral recovery specialist is an “independent contractor” and therefore must assume the liability associated with the self-help repossession process.

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ROA AWARDS AUCTION OF THE YEAR

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Manheim New Mexico recognized for outstanding performance

FOR IMMEDIATE RELEASE

PASADENA, Calif., February 22, 2016 — ROA, the premier risk management and loss mitigation provider of recovery and remarketing services for the financial services community, announced today Manheim New Mexico as its second national auction of the year ROA BlueAward winner.

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VTS & RepoPulse Partner for Webinar to Help Agents Build for the Future

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PRESS RELEASE

It can be easy for those working at repossession agencies to develop tunnel vision at times and focus most of their concentration on finding cars. If repossession agents can’t find cars, there really isn’t a need to worry about anything else.

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NARS 2016 Breaks Existing Records

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The North American Repossessors Summit Sets All-Time Registration and Exhibitor Records

FOR IMMEDIATE RELEASE

IRVING, Texas – February 12, 2016 – The North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association, Inc. (ARA) and Harding Brooks Insurance is proud to announce that all exhibitor spots for its eighth annual event are sold out. The high interest of exhibitors combined with record-high numbers of early bird registrants set NARS 2016 to be the largest summit to date.

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National Standardized Training and Safety Credentialing Program For Asset Recovery Agency Support Personnel

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PRESS RELEASE

02/11/2016 –The majority of lending institutions, under the scrutiny of the Consumer Financial Bureau, are required to use only third party service providers with proper compliance and training.

In the late months of 2014 the members of the highly respected Eagle Group XX developed a standardized training and safety credentialing program specifically designed for the men and women who work recovery assignments in the field. Now, in 2016, the group has completed and released a training program for the in house agency employees.

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