Hillsboro, TX, March 4, 2012 – Hill County Sheriff’s Office made a felony arrest on the evening of Sunday, March 4 after receiving a 9-1-1 call at 10:47 p.m. advising that a repossession attempt on a vehicle had turned violent.
NFA would like to invite all recovery professionals to an informal question and answer meeting with Mr. Chuck Rumbarger of Organizational Guidance Group. Mr. Rumbarger has completed a two month study on our whether or not NFA and ARA should merge or consolidate.
This event will be open to any and all Asset Recovery Professionals on Friday, March 23rd, 2012 at the World Omni Mandalay Bay Resort in Irving, TX from 9:00am-1:00pm.
Renovo Services, LLC the vehicle transition industry’s most fully-integrated single source solution to the financial services industry announces the successful implementation of its Business Continuity Plan.
“The recent storms in the southeastern United States provided a very real reminder of the importance of system and process redundancy in a large volume business such as repossession management,” said Wes Goebel, COO of Renovo.
Palatine, IL (February, 1 2012) – MVTRAC, a premier provider of cradle-to-grave location and recovery solutions and home of the neural ALPR system called The Intelligent Data Network™, is pleased to announce a transaction between MVTRAC, DRN and Vigilant, involving a license of MVTRAC’s ALPR historical tracking patent. The undisclosed terms of the transaction conclude all litigation between the parties.
To the outside world, collections looks pretty simple, call people and guilt and threaten them into paying money they owe. The reality is, collections is perhaps the most complicated and litigious area of any lending institution. Think of all of the interconnecting regulations pertaining to bankruptcy, credit reporting, the FDCPA, the UCC, California’s Reese Levering Act and the archaic FTC rules on telemarketing and they’ll see just how simple it really is.
Amazingly, most of us dance through this legal minefield daily with no trouble at all. Regardless, it is always wise to put on our “thinking caps” from time to time and keep the thought processes of both ourselves and our staff sharp.
West Bloomfield Township, MI – February 23, 2012 – After a borrower refused to surrender their vehicle to him, a Michigan Repo Man’s frustration boiled over last Thursday. In a fit, Adam Lankin, 35 years old, allegedly decided that it was appropriate for him to draw and discharge a gun.