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REQUIREMENTS
FOR MEMBERSHIP IN THE COMMERCIAL COLLECTION
AGENCY ASSOCIATION (CCAA)
OF THE COMMERCIAL LAW LEAGUE OF AMERICA
The
agency has been in business for a minimum of four years
(effective January 1, 2000) prior to the application to the
CCAA.
A
minimum of 80% of the agency's collection business must be
commercial in nature.
The
agency agrees to maintain a separate Trust Account into which
all monies rightfully belonging to creditors are placed. This
Trust Account is analyzed twice annually by the Executive
Director of the CCAA.
The
agency must agree to subscribe to the CCAA Code
of Ethics.
Agency
executives must attend regular CCAA meetings during the year.
These meetings are both informational and educational in
nature. As part of continuing education, the member agency
must complete sixty (60) continuing education credits
annually.
The
agency agrees to post a surety bond in the minimum amount of
$300,000 for the protection of the creditors it serves.
One
individual in the agency must be a member of the Commercial
Law League of America.
The
agency must agree to periodic site visits from the CCAA
Executive Director.
The
agency must be in compliance with all local and state
regulations governing its operation of a commercial collection
agency.
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