OCALA, Fla. — Along with selecting its outside legal
counsel, Recovery Industry Services Co. recently formed the RISC Compliant
Agent Network (RISC CAN).

RISC highlighted membership is open to any professional
collateral recovery agency owner who can meet the stringent requirements of the
firm's network and adhere to the RISC Code of Ethics.

The company is out to assure all its RISC Agent Alliance
members are automatically members of RISC CAN.

To further explain the concept, the company answered a few
of what it considered to be frequently asked questions:

Why was RISC CAN formed?

RISC was formed to help collateral recovery agents improve
their bottom line through a variety of services, which includes risk management
training, agency vetting, agent compliance tracking, agent compliance training,
collateral recovery training, professional certification, locksmith training,
locksmith supplies, key codes, job placement and recruitment services, and
business consulting.

How are RISC CAN members different from trade association
members?

RISC is not a trade association or marketing association.
Industry trade associations do an outstanding job in marketing and advocating
on behalf of their members, and RISC encourages all agents to participate and
be active in available organizations.

RISC CAN Members are vetted based on objective compliance
criteria. RISC CAN members are complementary to industry trade associations as
they have met criteria to be a RISC CAN Member and can showcase their company
via their trade association or online via the RISC website.

Will RISC market and advertise my business if I become a
RISC CAN member?

The answer is that as a RISC CAN member, owners have the
ability to market yourself via your RISC CAN profile. Your company can be
searched and found on the RISC website by a lender and with your permission the
lender can access your unique RISC CAN profile.

The goal at RISC is to provide the agency owner the tools
needed to showcase their professional competency to your client and prospective
clients. It's up to the agency owner to differentiate his operation from
competition.

What services does RISC provide me as a RISC CAN member?

As a member agency owners will receive the following
benefits:

—$1 million client protection bond

—Company compliance profile: a comprehensive profile of your
company designed to keep your company compliant with current client/lender
mandates. The company profile includes services the agency provides, a copy of
your insurance Acord and Workers Comp certificate, copies of applicable
licenses, a list of storage lots, storage lot inspection reports and listing of
all agency employees.

—Compliance documents: all necessary compliance documents
are within the member dashboard area. Agencies will also have access to the
RISC Compliance and Operations Manual designed to make the business compliant
in all areas of Consumer Financial Protection Bureau requirements.

—Discounts on all RISC services including the C.A.R.S.
National Certification Program, the Skip-Tracers National Certification
Program, iRepo Vendor Comply, locksmith training, key codes, key blanks.

—Best practices and business forms: Documents designed to
improve the company's top and bottom lines, including human resources,
marketing and operations.

—Educational seminars: As RISC conducts webinars and
seminars across the country, these webinars are put online within the member dashboard
to access at any time.

—Marketing brochure and link to profile: A brochure is
created for marketing the agency and is updated immediately as the
comprehensive profile is updated. A link to the agency's profile can also be
emailed to a prospective client.

—Repossession Case Law: Specific case law and opinions for
every state

What does it cost for an agency to qualify for RISC CAN
membership?

To become a member of RISC CAN, owners must apply as an
agency. Once an agency becomes an RISC CAN member, the owner receives a $1
million client protection bond and a 15-percent discount off the retail price
to any service RISC offers.

The annual subscription fee now is $795, which can be
financed monthly. There is a one-time initial application fee of $295 to
determine qualification. The $295 application fee also includes one lot
inspection and one background check.

After answering those questions, RISC president Stamatis
Ferarolis said, "Remember our primary goal is to provide our member's education
and training in areas of compliance and risk management.

"Once compliant, our goal is to keep you compliant through
our use of technology and updated compliance documents," Ferarolis continued.
"We are the best value in the recovery industry as no one can match our
services and value."

For more information, e-mail RISC at services@RiscUS.com, call (866) 996-7472,
or visit www.RiscUS.com.

RISC Taps Outside Legal Counsel

RISC recently announced that Bogdan Rentea of Rentea &
Associates has agreed to represent the company as its outside legal counsel.

Rentea, whose office is in Austin, Texas, has been involved
as legal counsel to several collateral recovery organizations and has more than
25 years of legal experience in the self-help repossession field.

Rentea helped to design the RISC CAN contract. RISC
indicated Rentea will extensively review RISC's compliance and operations
manual, which includes procedures for complying with current CFPB compliance
requirements and best practices.

Rentea will also review other RISC documents that are
designed to assist collateral recovery agency owners in complying with
contractual and legal requirements for long-term success.

RISC vice president Joe Taylor remembered first meeting
Rentea back in 1999.

"I have listened to many of his presentations on the
self-help repossession process and legal decisions attached to the process. I
was also privileged to have him review the C.A.R.S. National Certification
Program," Taylor said.

"Bogdan is eminently qualified to serve as legal counsel for
RISC and to help RISC advocate on behalf of all industry professionals. Equally
important is the privilege to know him as a friend," Taylor continued.

Ferarolis added, "I am well acquainted with Bogdan Rentea's
extensive knowledge and expertise in the industry and am delighted that he has
agreed to serve as our outside legal counsel and look forward to a long and
strong relationship."

"Bogdan is known throughout the country as one of the
foremost legal authorities on the self-help repossession process and we are
truly privileged to have him represent RISC as we move forward in serving the
collateral recovery industry," Ferarolis went on to say.

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