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Industry Standards

 

Industry Standards
 
In any recognized profession you will find two prevailing criteria; a code of ethics and specific Industry Standards. Industry Standards are normally mandated by state law and are developed by practitioners within a specific profession with assistance from state legislators.
 
In states where no regulations exist for a specific profession there is still an expectation that a profession will have professional Industry Standards to adequately protect the public welfare and enhance the image of that profession. Absent any statutory requirements, professionals within that industry develop those Industry Standards. How do they do it? Usually by creating an independent entity consisting representatives of that specific industry and representatives of “related” industries.
 
RISC (Recovery Industry Services Company) was created to serve as an independent advocate of the collateral recovery profession. We all know there are very serious issues currently that are detrimental to all professional practitioners and that need addressing for the benefit of the collateral recovery profession and the “related” industries; the lending community and the insurance carriers that offer coverage’s to our industry.
 
 
 
None of those we have spoken to within the collateral recovery industry, the lending community and insurance underwriters disagree with the need for serious dialogue in creating Industry Standards.  However, there are those who say, “it can’t be done”. There are those who say, “we are certainly in favor of a serious dialogue but we are skeptical that it will happen”. And then there are those who have told me, “we know changes are needed that are critical to our industry and we are ready to step up to the plate and go “all in” with other professionals to address this situation”
 
Remember, Mine That Bird won the 2009 Kentucky Derby as a 50-1 underdog!
 
So, where do we start? Two areas; first we need to seriously go forward with the process of creating Industry Standards by obtaining input from the related industries. We need your time, not your money. And, we don’t need much of your time….about one hour. We are simply asking you to sit down, take pen in hand and list those things you feel should become Industry Standards for the collateral recovery profession and send them to me at joe@RiscUS.com
 
The next step is to create an RISC Industry Advisory Council consisting of representatives of the collateral recovery industry, the financial community and insurance representatives. Bringing representatives of these related industries together in an effort that will be beneficial to all will be a welcomed challenge to those who believe that open dialogue can be successful in addressing, perhaps even solving some of the issues that we are currently facing. 
 
RISC will also be available to those who are interested in creating a state recovery association. We have developed a template of state association by-laws which we will make available and we can also assist in creating state association websites.
RISC is not reaching out for your money….no membership fees….no “donations”. We are looking for partnerships with those professionals that sincerely want to make a difference. Is an hour of your time too much to ask for? I hope not.
 
Be Safe,
 
Joe Taylor
Director of Education

 


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Current Active Topics

Click to list all articles in this topic

  
Current Repossession News

Current Repossession News  · Total News: 420 · Total Reads: 50485

Articles:

Read this articlePrinter ready versionE-mail to a friend  NEWS: 'Dirty Jobs' producer developing new airplane repo man reality series (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: SC Man shot while repossessing truck (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: Victim’s family blames courts for allowing murder without consequences (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: Triad Financial forms strategic partnership with Windsor Group to expand third-p (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: Floyd Repo Man Charged (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: Rome Ga. Tow Truck Driver Arrested, Charged With Hit And Run (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: Good times for the repo man (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: Hattiesburg, Ms. repo man shot during repo (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: GM Reaches Preliminary Deal to Sell Saturn to Penske (renee)
Read this articlePrinter ready versionE-mail to a friend  NEWS: Investor Firm to Tap GM's Fresh Billions to Buy Delphi (renee)
· More -->

Most recent article:

'Dirty Jobs' producer developing new airplane repo man reality series
by: renee
2009-07-02 12:02:04

'Dirty Jobs' producer developing new airplane repo man reality series


By Christopher Rocchio, 07/01/2009

With the economy going down, the amount of airplane repossessions are taking off and will soon be the focus of a new reality series.

Dirty Jobs executive producer Craig Piligian is developing a new reality series that will follow repo man Nick Popovich as he travels the globe and repossesses airplanes and other big-ticket items, Daily Variety reported Sunday.

 

read more...

Dave Branchs Blurbs

Dave Branchs Blurbs · Total News:· Total Reads: 947

Articles:

Read this articlePrinter ready versionE-mail to a friend  BRANCH'S BLURBS : THE VIOLENCE OF REPOSSESSIONS. A LOOK AT ‘REPO RAGE’ (renee)

Most recent article:

THE VIOLENCE OF REPOSSESSIONS. A LOOK AT ‘REPO RAGE’
by: renee
2009-02-06 12:00:10

THE VIOLENCE OF REPOSSESSIONS. A LOOK AT ‘REPO RAGE’.

By Dave Branch

January 3, 2009 – Police are called to assist an agent who was assaulted by a debtor in Omro, Wisconsin

January 5, 2009 – An agent in Leicester, Mass. Was forced at gunpoint to drop a vehicle he had just recovered

January 9, 2009 - Jason Lee McLendon is murdered by a debtor in Birmingham, Alabama.

 

read more...

Editorials

Editorials · Total News: 16 · Total Reads: 7041

Articles:

Read this articlePrinter ready versionE-mail to a friend  Editorials: Chrysler's bailout will backfire (renee)
Read this articlePrinter ready versionE-mail to a friend  Editorials: The Gramm-Leach-Bliley Act and Your Responsibility to the Client (Renee)
Read this articlePrinter ready versionE-mail to a friend  Editorials: THE INDUSTRY’S BEGINNINGS by Joe Taylor (Renee)
Read this articlePrinter ready versionE-mail to a friend  Editorials: Credit "Contagion" Spreads (Renee)
Read this articlePrinter ready versionE-mail to a friend  Editorials: SPECIAL PRESS RELEASE TO THE COLLATERAL RECOVERY INDUSTRY (Renee)
Read this articlePrinter ready versionE-mail to a friend  Editorials: Creditors Liable for the Acts of Recovery Agents (Renee)
Read this articlePrinter ready versionE-mail to a friend  Advisor Magazine, new repossession section (Renee)
Read this articlePrinter ready versionE-mail to a friend  Editorials: To REACT Members and Others in the Repossession Industry (Renee)
Read this articlePrinter ready versionE-mail to a friend  Editorials: A letter to All Professional Recovery Agents: (Renee)
Read this articlePrinter ready versionE-mail to a friend  IMAGE BUILDING (Renee)
· More -->

Most recent article:

Chrysler's bailout will backfire
by: renee
2009-06-05 08:27:08

Friday, June 5, 2009

The restructuring of Chrysler is likely to fail because it does not address two of the company's shortcomings.

First, Chrysler has a surplus of labor and a shortage of customers. Second, Chrysler will need new investment. The Obama administration's bailout terms are vague as to how the company will develop marketable cars, and border on vicious in the treatment of investors, but bend over backwards to protect the interests of labor -- which gets the Chrysler hierarchy of needs in reverse.

The Economist estimates that the United Auto Workers union will receive 43 cents on the dollar from Chrysler for its $11 billion stake in the company in the form of a majority of the company's stock. Shikha Dalmia, a senior analyst at the Reason Foundation, estimates that when federal guarantees for pensions and health care are added in, the UAW and its members could receive 60 cents or more for their claims against the automaker.

read more...

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   Procra Forums
Last 15 Forum Messages

Industry Standards
Last post by renee on Jul 02, 2009 at 09:37:07

Paramount Acquires "License to Steal"
Last post by renee on Jul 01, 2009 at 17:01:47

High Point Man Busted for Lien Scam
Last post by renee on Jun 26, 2009 at 13:59:39

Need A few good......
Last post by Missy on Jun 24, 2009 at 13:05:09

Texas counties do not come to repo agents legal defense
Last post by renee on Jun 19, 2009 at 11:16:13

TRUCKS TRUCKS TRUCKS
Last post by IRONLEGS on Jun 19, 2009 at 10:17:26

looking for contact information
Last post by renee on Jun 18, 2009 at 17:46:38

Another Debtor Run Over
Last post by Branch on Jun 16, 2009 at 10:50:47

HEY ANDY
Last post by renee on Jun 15, 2009 at 20:38:32

Yet Another Agent Shot
Last post by Branch on Jun 09, 2009 at 09:43:59

DMV DATA
Last post by renee on Jun 09, 2009 at 08:20:32

Bomb threat over car repossession
Last post by IRONLEGS on Jun 08, 2009 at 17:50:05

Slide pad installations on dynamic 601B
Last post by IRONLEGS on Jun 06, 2009 at 12:35:26

Want to lease on with established comp.
Last post by OKAutoRepo on Jun 05, 2009 at 13:28:25

Selling Licence Plate Info to repo companies
Last post by renee on May 30, 2009 at 19:55:19


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