Federal Law Continuing Education Course Launched to Help Repossession Professionals Avoid Wrongful Repossession

RISC’s new CARS Continuing Education Course 12 released at 2018 North American Repossessors Summit

Recovery Industry Services Company, the leading provider of compliance education and training to the collateral recovery industry, releases a new continuing education course for CARS certified recovery professionals. This course was designed to reinforce training on applicable federal law including the Fair Debt Collection Practices Act (FDCPA), Telephone Consumer Protection Act (TCPA), Gramm-Leach Bliley Act (GLBA) and the Dodd-Frank Act. The comprehensive Federal Law for Self-Help Repossession course from RISC includes details on creditor’s oversight of service provider compliance as issued in the 2016 Consumer Finance Protection Bureau (CFPB) Compliance Bulletin and Policy Guidance; Service Providers.

“We received requests from lenders who were looking for reinforcement of the CARS curriculum. The Federal Law for Self-Help Repossession course was designed as comprehensive curriculum covering all applicable federal law related to self-help repossession,” said Stamatis Ferarolis, chief executive officer and founder of RISC. “This course supports the compliance requirements that are driving the auto recovery industry to require training and certification to educate third party vendors in an effort to prevent breach of the peace and wrongful repossession.”

The Certified Asset Recovery Specialist (CARS) program from RISC covers all legal aspects that impact self-help repossession. Certification is accepted in all 50 states and annual continuing education courses are required to maintain certification.

The Federal Law for Self-Help Repossession course can be purchased at www.riscus.com. All orders include course material, open book exams and a printable certificate of completion. Repossession professionals must complete the CARS certification prior to purchasing continuing education from RISC.

About RISC
RISC is dedicated to providing services specific to the collateral recovery industry and advocate on behalf of all professional practitioners within the industry. RISC is dedicated to the professional training and certification of collateral recovery specialists. For more information, visit www.RISCUS.com.

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