ARA Responds to Controversial Contract

The American Recovery Association (ARA) has responded to member concerns over a newly issued contract from Chase, calling the agreement “unacceptable” and urging members not to sign without legal counsel.

According to the ARA, the contract imposes unreasonable insurance requirements, maintains outdated rates that fail to reflect rising costs, and omits compensation for standard services like flatbed and dolly fees—essential tools for many recovery agents.

“This contract is not in step with the needs of the agents who serve Chase,” the ARA stated. “Nor does it reflect the direction our industry must move toward to remain viable, professional, and safe.”

The ARA’s Contract & Client Relations Committee has reached out to Chase and requested a meeting to address these issues. They hope to meet during next week’s North American Repossessors Summit (NARS) or sooner.

In the meantime, members are strongly advised to seek legal review before signing.

“This is a moment for unity,” the ARA concluded. “The strength of our collective voice is how change begins.” Source: https://curepossession.com