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.
A large national forwarder is attempting to change 493
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.
Years ago, when word of a repossessor’s injury or death occurred, donations quickly followed. Then with the turn in the economy and the slow recovery those donations have essentially stopped…. A troubling sign of the times.
A favorite bible verse of mine is Ecclesiastes 4:9-10English Standard Version (ESV)
9 Two are better than one, because they have a good reward for their toil. 10 For if they fall, one will lift up his fellow. But woe to him who is alone when he falls and has not another to lift him up!
This humble verse, composed when our ancestors were simply trying to survive the daily brutalities of biblical times, states the obvious in the stark terms of good vs. evil: solidarity = good / standing alone = bad. Terms such as networking and diversity didn’t exist when the writer set his words on parchment; nor did the statistics that could be scrutinized, analyzed, and subjected to blind trials for publication in some egghead textbook in order to prove his theory. Yet here we are today, still subject to the same bare bones truth of this ancient verse. We know that the best results are derived from the cohesive efforts of a group rich in diversity, yet working as one.
March 10, 2014 – Repossessors across America have communicated that they desire industry leaders to stand together and speak as one voice on issues that have a negative impact on our industry.
The solution is at hand in the form of the recently founded Council of Repossession Professionals (hereinafter referred to as the CORP).
NARS Becomes First Industry Event to Feature the CFPB
IRVING, Texas – Feb. 6, 2014 – The North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association, Inc. (ARA) and Time Finance Adjusters (TFA), is proud to announce that a member from the southwest region of the CFPB is scheduled to speak at the sixth annual event, to be held March 20-22, 2014.
This is the first time a CFPB representative will serve as a key speaker at a recovery and remarketing industry event. In his own words, the representative will explain any misconceptions regarding the CFPB’s involvement within the recovery industry. It will be a very informative and empowering session.
More Sponsorship Options and Exhibitor Space Available for Sixth Annual North American Repossessors Summit
FOR IMMEDIATE RELEASE
DALLAS, Texas – Oct. 08, 2013 – The North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association, Inc. (ARA) and Time Finance Adjusters (TFA), is proud to announce sponsorship opportunities and exhibitor space are now available for its sixth annual event, to be held March 20-22, 2014.
Yes that this correct, “NO HOLD HARMLESS” !
Back in early March of this year Primeritus introduced a new contract to this industry that wasn’t even worth using for toilet paper. It contained language that posed great security concerns to an agent, allowing anyone to forcefully enter your yard, $250 cleaning fee for not removing trash from a car, charges for audits, and the list goes on….
FLACARS published a 16 question survey to agents nationwide and the response was overwhelming with 90% of those responding stated they would NOT sign the contract as presented.
Some of you may know me as “Rachel from HAR,” and even when I wear a different logoed shirt at trade shows, I am still indented that way. I love my family very much and I am hanging onto their coat tails, while riding the wave. I wanted to break away with my own identity, while helping repossessors who I call family. I have launched a new company, Prestige Management and Consulting, to educate and help companies save the money they have already made. I am a firm believer that if you gross $1, your profit is 10/15/20 percent, right? If you save that $1 then the whole $1 is profit. I help companies keep the money they have already made.