Make no mistake. Your banking institution is held accountable for the actions of any repo agent doing business on your behalf. Millions of dollars in judgments have been made against lenders for the wrongful acts of unprofessional repossessors. The courts have been clear by saying:
“The secured party is responsible for the actions of others taken on the secured party’s behalf, including independent contractors engaged by the secured party to take possession of collateral.”
TFA is the official trade organization for hundreds of certified, bonded repossession agencies across the United States. Make sure you use a TFA professional to handle your repossessions.
- TFA members conduct their affairs in the most dignified and professional manner possible
- TFA recovery agents maintain the highest standards in the industry
- Every one of our members is GLBA compliant
TFA provides the training, marketing, and communication that strengthens the entire recovery agent process.
You may also want to look into ordering your free copy of the Official TFA Guide. It's a beautiful hardcopy book filled with valuable resources on state regulations as well as a complete directory of TFA repo agents that you can use all year long. Order your copy of the TFA Guide today!
