CURepossession

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COVID Relief Bill and the Repossession Industry; Update From the ARA

“I would encourage you: be informed – knowledge is power.” Matt Bevin

Dear Repossession Industry,

Good news!  We have heard that the Phase 4 bill being put forward today by Congress does NOT contain any language regarding a repossession moratorium.

We have heard from some sources that this whole endeavor of hiring lobbyists has been a waste of time and money. Nothing is further from the truth, and only exposes the critics’ ignorance of the machinations of the US Congress. There was a 180+ day moratorium (would have been longer) in the HEROES Act that was presented to the Senate, to which this Phase 4 is a response. To sit idle on the sidelines, while our industry’s future was in the gunsights of the House, would have been foolish.

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