GUEST EDITORIAL
What is “Bond Coverage” as that term is used in the repossession industry? And who has it?
Allied Finance Adjusters Conference, Inc. has been in business as a trade association for the collateral recovery (repossession) industry since 1936. During the 80 years that the trade association has existed, it has offered many benefits to its members.
Read More!
The value of this so called “client protection bond” has been known in the repossession industry for many years. Considered worthless, but mandatory, and similar to waterbed insurance, I don’t believe it has ever been used. It would be interesting to know if anyone has knowledge of when the “protection bond” has ever been used. A source once told me years ago the TFA version was never used.
It’s good to see someone finally offering a simple, but true definition of what the bond really is/does.