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Recovery Compliance Solutions, a provider of repossession compliance monitoring, recently partnered with Windsor Equity Group to manage and verify its recovery agents’ information, insurance, licensing and contracts to ensure they remain compliant with state and local requirements.
Additionally, Recovery Compliance Solutions is pledging to ensure the independent recovery and repossession agents abide by the service contract they’ve entered into with Windsor Equity Group.
According to 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.
Recovery Compliance Solutions director of operations Terry Tonsing believes this is why Windsor Equity Group chose the company to handle this task.
“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,” Tonsing explained.
“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,” Tonsing continued.
Recovery Compliance Solutions, a provider of repossession compliance monitoring, recently partnered with Windsor Equity Group to manage and verify its recovery agents’ information, insurance, licensing and contracts to ensure they remain compliant with state and local requirements.
Additionally, Recovery Compliance Solutions is pledging to ensure the independent recovery and repossession agents abide by the service contract they’ve entered into with Windsor Equity Group.
According to 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.
Recovery Compliance Solutions director of operations Terry Tonsing believes this is why Windsor Equity Group chose the company to handle this task.
“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,” Tonsing explained.
“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,” Tonsing continued.
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