Press Release
RISC is proud to announce that the Illinois Edition of the C.A.R.S. – Certified Asset Recovery Specialist certification program has been approved by the Illinois Commerce Commission (ICC).
The ICC is responsible for enforcement of the new Illinois Collateral Recovery Act. Both the Illinois Edition and the standard C.A.R.S. programs meets all the Consumer Financial Protection Bureau (CFPB) compliance requirements.
Illinois is the third State to endorse the C.A.R.S. program as ‘home study’, with Florida and Louisiana being the other two. RISC Continuing 
Education courses have also been approved for ‘home study’ by the State of Louisiana.
The C.A.R.S. certification program was first introduced in 1999 and has since certified more than 4,000 collateral recovery specialists. Bogden Rentea, one of the most knowledgeable lawyers of the self-help repossession process states, “I have reviewed your National Certification extensively and I am convinced that it is a most valuable “tool” in dealing with the ever rising litigation and insurance claims within the Asset Recovery Industry. The comprehensive curriculum contained in this program should be required study for not only those seeking to enter the Asset Recovery Industry, but also for those who are already a part of this profession. I commend you for the thoroughness and professionalism you have shown in developing this unique product.” There are numerous additional endorsements and recommendations by well-known collateral recovery industry leaders which can be viewed on our website, RiscUS.com.
It is most gratifying to know that these consummate professionals understand the real reason for the creation of the C.A.R.S. program; to help collateral recovery specialists better manage the “inherent” risks associated with the self-help repossession process and make it a little safer for these men and women that “work the streets”. The program was also designed for the collateral recovery business owner to avoid costly litigation, insurance claims, and reduce client liability.
RISC has also developed numerous compliance documents required by the CFPB and the lending community, including important documents and training manuals such as Complaint Handling, Red Flags Rules, Data Protection, Best Practices, and many others. RISC is a dedicated advocate of the collateral recovery industry and is the only national organization that has a state licensed training facility that develops training curriculums and business building documents for the collateral recovery profession.
About RISC
RISC is recognized within the Collateral Recovery Industry as a leader in the risk management field and new industry compliance requirements. RISC services to the industry include: professional training and national certification, training seminars, business consulting, repossession insurance consulting, locksmith training and supplies, automotive key codes, membership and discount programs, a $1 million Client Protection Bond for members of the RISC Agent Alliance. For more information, please e-mail RISC at services@RiscUS.com, call 866-996-7472 or visit our website at www.RiscUS.com.
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