April 15, 2019 (Sacramento, CA) – The RMAI Certification Council announces the adoption of version 7.0 of the Receivables Management Certification Program (RMCP) after a nine-month development and review process. The most significant enhancement to the RMCP in version 7.0 is the addition of vendor certification.
“With the launch of vendor certification, RMAI continues to secure its position of maintaining the most comprehensive receivables management certification standards in the nation,” said Marian Sangalang, President of the Receivables Management Association International (RMAI). “Offering the industry a single compliance footprint that sets high-level professional standards from the point of account origination through account conclusion is not only good for the industry but also the consumers we serve.”
“While RMAI currently certifies debt buying companies, collection agencies, collection law firms, and brokers, the Certification Council ultimately recognized the importance of extending RMAI’s rigorous standards to the vendors that provide vital services to those businesses in the support of their accounts,” said Rance Willey, Chair of the RMAI Certification Council.
Vendors interested in certification are encouraged to visit the RMAI website at rmaintl.org to learn more or call Michelle Wren at (916) 482-2720.
RMCP Continues to Advance the Most All-Encompassing Data Standards in the Marketplace
RMCP, Version 7.0, also adopted specific data and document requirements when purchasing bankruptcy and medical accounts that are effective August 1, 2019 (applies prospectively). Prior versions have adopted specific purchasing requirements for credit cards, auto, and judgments. These new standards underscore the fact that different asset classes have unique, varied data and document requirements.
For more information on RMAI certification for receivable businesses and individuals, please visit the RMAI website at www.rmaintl.org/certification.
About Receivables Management Association International
The Receivables Management Association International (RMAI) is a nonprofit trade association that represents the Receivables Management Industry. RMAI’s Receivables Management Certification Program and Code of Ethics protect consumers and businesses by setting the gold standard through uniform industry best practices. RMAI provides networking, education, and business development opportunities through events and communications. RMAI also maintains a highly effective grassroots advocacy program at the state and federal levels. Founded in 1997, RMAI is headquartered in Sacramento, California.