iacc.certification

Association CLLA - CCAA PROGRAM IACC Certification ACCESS Receivables

Number of Collection Agency Members 100 Agency Members 180 Agency Members Member of IACC

Number of Certified Members 80 20 as of 2/1/2014 Cer fied

Meeting Attendance Requirement yes yes Our President regularly a ends mee ngs and par cipates on the cer fica on commi ees.

Minimum Bonding Requirement for Client Defalcation Required Required Compliant State Licensing in All States that require licensing for commercial agencies doing business in those jurisdictions

Only Domiciled State Licensing Required

Licensing Required in All States Doing Busi-ness

Access is licensed na onally in all City and State jurisdic ons requiring licensing.

Commercial Business Percentage Requirement for membership 80% of all Business Must Be Commercial

No requirement Approximately 50% of Access Busi-ness is commercial.

Separate Trust Accounts - No Co-Mingling of Funds No Requirement Required Access maintains separate trust accounts and does not co-mingle funds.

Certified Commercial Collector Required for Certification No Requirement Requirement Access President is a cer fied commercial collector.

Disaster Recovery Procedures No Requirement Requirement Access has disaster recovery procedures that are tested at regu-lar intervals.

Dedicated Commercial Collection Staff No Requirement Requirement Access has dedicated commercial collectors and a separate division for commercial business.

Financial Statement Review Required for Certification No Requirement Requirement Access provides all reviewed financial statements whenever re-quested. These statements are prepared in accordance with GAAP.

Bank Reconciliation, Check Audit Daily Deposit Reconciliation and copies of checks and proof of deposit required for certification.

No Requirement Requirement Extensive Audit is Performed by independent appointed CPA Firm to verify compliance and remi ance procedures.

Written Remittance Procedures Required No Requirement Requirement Access Has wri en procedures governing every aspect of its busi-ness and complies with all require-ments.

Verification of Check Deposit, Client Remittance and Bank Statement showing Cli-ent Check Clearing Trust Account

No Requirement Requirement Access provides the associa on compliance commi ee with any and all informa on required to conduct proper audits.

The International Commercial

Collectors Association (IACC)

TheIACChasbeendedicatedtotheeducationandcomplianceofcommercial

agenciessince1970.

TheIACCisaf iliatedwithACAInternational,thecollectionindustry

associationofrecordsince1958.

TheIACChasastringentcerti icationprogram

TheIACChasmorecollectionagencymembersandlesscerti iedmembers

thantheCLLA

TheIACCrequiresrecerti icationeverytwoyears

What Does It

Mean To Be

Certified By The IACC?