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American Towman Magazine Presents the Week in TowingJune 20 - June 26, 2018
Dave Kennedy, American Recovery Association president (left) and Joel Kennedy, board member of the National Automotive Finance Association, announced results of a joint effort to improve efficiencies in the repossession industry.

CORP Cautions on Locksmiths

The Council of Repossession Professionals recently cautioned repo agencies about the potential pitfalls of using a locksmith company that might be mandated by a particular finance company client—but could utilize employees who may not be aware or comply with specific state regulations.

CORP explained on its site that many states have explicit regulations when it comes to locksmiths, indicating that some jurisdictions prohibit contracting work to local locksmiths who might not be employed by a national company.

"Some states even demand that these national locksmith companies have an actual physical business in the state they are doing the service in," said CORP officials.

CORP suggested that repossession agencies ask and seek the answers to three simple questions with regard to the cutting of new keys for repossessed vehicles:
1) Do locksmiths have to have a license to operate?
2) What type of insurance does the state require them to have?
3) Does the state require all businesses to carry worker's compensation?

"Once you have this information, now you have a chance," CORP said.

Source: autoremarketing.com.
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WreckMaster President Justin Cruse said that the WreckMaster Convention will bring together towers from all over North America to provide a unique and beneficial opportunity to broaden knowledge.
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