Joint Repossession Association Memo on Transporter Access

To Whom it May Concern,

In March of 2021, Allied Finance Adjusters (AFA), American Recovery Association (ARA), Eagle Group XX, California Association of Licensed Repossessors (CALR), Georgia Association of Licensed Repossessors (GALR), TexasARP, and the now disbanded Massachusetts Association of Professional Recovery Agents (MAPRA) sent the open memorandum below to its client partners, auctions, dispatchers, and carriers on behalf of the agent network: Joint Repossession Association Memo on Transporter Access –

Read The Original 2021 Memo Here!

As stated in the memo, our goal is for our members and all agents to have adequate protection for claims they are not responsible for. Since this memo was distributed to the industry, the state associations have grown to 15 associations, representing 16 states and all are in full support of it. We are grateful to the client partners, auctions, dispatchers, and carriers that have been complying with these policies since the release of these requirements or beforehand.

This policy has not wavered and has spread to be used as common practice among most of the agent networks. Repossession agencies have become more cautious and protective of consumers, our staff, facilities, assets, and client collateral than ever before. Regardless of who we choose to partner with for our insurance, our insurance is not an expendable tool in our businesses. We can’t simply “make a claim” without preparing for significant increases in our policies or the possibility of non-renewal.

Many of our insurance policies require the practice of requiring transporters to sign a site entry agreement and provide a COI with our company listed as a secondary insured if they come on our lots, but this is no longer just an insurance requirement. It is a repossession agency requirement, which we reserve the right to enact.

Every repossession company is different – some do, and some don’t have staging areas, some do and some don’t have the capability of moving the units outside the lot, and the transporters must come onto the lots. Regardless, we cannot have a different set of standards for each and cannot be held to such. We believe in a reasonable standard for all.

The fact remains, that transporters are third parties that repossession companies must accommodate with appointments to pick up units to fulfill our expectations with our client partners, unless agents are offered the first right of refusal to transport the units themselves. However, these third-party contractors must comply to a similar set of expectations that our client partners expect from us. Again, this is to protect consumers, our staff, our facilities, our assets, and client collateral.

It is not unreasonable to ask for transport companies to sign a site entry agreement and provide our repossession companies with a COI, having the agency listed as a secondary insured to protect our company from ANY incidentals.

Thank you for your understanding and cooperation in this matter. If you have any questions, your state or national leaders listed below are available to address them with you directly.

Respectfully,

Allied Finance Adjuster

American Recovery Association

Eagle Group XX

Alliance of Illinois Repossessors

California Association of Licensed Repossessors

Florida Association of Licensed Repossessors

Georgia Association of Licensed Repossessors

Indiana Professional Repossessors Association

Michigan Association of Repossession Agencies

Minnesota Association of Repossession Professionals

Nevada Association of Licensed Repossessors