Receivables Management Association

“The Association has five classes of members (associate, affiliate, international, originating creditor, and professional certified members). Only professional certified members having voting rights.”

“For the annual election of directors, each member may vote for the number of available directors' positions. Votes for directors are not aggregated but each member can cast one vote for each position available.”

“Any amendments to the Bylaws by the Board of Directors are subject to approval by majority vote of the members at any annual or special meeting.”

“A copy of the Form 990 is first reviewed and approved by the Executive Director. Upon the Executive Director's approval, it is forwarded to the Finance Committee, or an approved representative of the Finance Committee, to review the form. Prior to submission, a copy of the final, complete 990 is provided to the Board of Directors.”

“Each Director and Officer is required to review a copy of the conflict of interest policy, which requires each person to disclose any relationships, positions or circumstances in which he or she believes could contribute to a conflict. Following full disclosure of a possible conflict of interest, the Board of Directors shall determine whether a conflict of interest exists and, if so the Board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect the Association's best interests.”

“The Executive Director's compensation was determined through a compensation committee and documented in a written employment contract.”

“The Association makes all documents available to the public upon request.”

“Receivables Management Association International (RMAI) is the nonprofit trade association that represents more than 550 companies that support the purchase, sale, and collection of performing and nonperforming receivables on the secondary market. RMAI member companies work in a variety of financial services fields, including debt buying, collection agencies, law firms, originating creditors, and industry-related product and service providers. RMAI provides its members with extensive networking, educational, and business development opportunities in asset classes that span numerous industries. The association publishes a bi-annual magazine and monthly newsletter, provides educational and networking opportunities at major forums, events and conferences, represents the membership before federal and state policymakers, and supports the industry where appropriate in appellate cases. RMAI's Receivables Management Certification Program and its Code of Ethics set the global standard within the receivables industry due to its rigorous uniform industry standards of best practice which focus on the protection of the consumer. RMAI continually sets the standard in the receivables management industry through its highly effective grassroots advocacy, conferences, committees, taskforces, publications, webinars, teleconferences, and breaking news alerts. Founded in 1997, RMAI is headquartered in Sacramento, California. Mission: RMAI promotes the essential role of the receivables management industry in the credit ecosystem. Vision: RMAI ensures a viable credit ecosystem by setting receivables management industry standards, being the authoritative voice in advocacy, championing professional and ethical business practices, and providing unrivaled business networking opportunities.”

“The Association has an audit committee that assumes responsibility for oversight of the review of its financial statements and selection of an independent accountant.”