“Keeping track of recovery agents is an extremely large and necessary task for any lending company, but especially for a large organization such as Windsor,” said Terry Tonsing, Director of Operations for Recovery Compliance Solutions.
St. Louis, Missouri (PRWEB) December 07, 2011
Recovery Compliance Solutions, a provider of repossession compliance monitoring solutions, has partnered with Windsor Equity Group to manage and verify its recovery agent’s information, insurance, licensing & contracts to ensure they remain compliant with state and local requirements. Additionally, Recovery Compliance Solutions will ensure the independent recovery and repossession agents abide by the service contract they've entered into with Windsor Equity Group.
“Keeping track of recovery agents is an extremely large and necessary task for any lending company, but especially for a large organization such as Windsor,” said Terry Tonsing, Director of Operations for Recovery Compliance Solutions. “We will employ our proprietary technology to maintain all the necessary documentation needed to make certain that all of Windsor’s recovery agents are constantly in compliance with their requirements.”
As stated by the Uniform Commercial Code (UCC) Officials, lenders are responsible for the actions of their repossession vendors. As a result, liability falls on the lenders to ensure their repossession vendors are maintaining the minimum standards set forth by the industry and their contracts. This is why Windsor Equity Group has chosen Recovery Compliance Solutions to handle this daunting task.
About Recovery Compliance Solutions
Recovery Compliance Solutions administers and monitors independent repossession vendors for compliance issues on behalf of automotive lenders throughout the United States. The management staff at Recovery Compliance Solutions has more than 20 years of past experience in the automotive lending and repossession industry. In addition to being directly employed by a national automotive lender, they have been certified thru both Recovery Specialist Insurance Group (RSIG) and Certified Asset Recovery Specialist (CARS). For more information about Recovery Compliance Solutions and CARL, the company’s Asset Recovery Vendor Accountability Solution, visit http://www.recoverycompliance.com or call 314-732-1376.