Membership Information
Listed below are the other fees that may appear on your monthly statement once you become a member. These fees are subject to change at any time without prior notice.
Membership Related Fees:
| Non-Refundable Application Fee | $350.00 (Application fee will only be returned if application is denied or withdrawn prior to the completion of the facility inspection.) |
| Membership Fee | $300.00 (Paid annually by September 1 or on a pro rata basis when accepted as new or re-admitted member) |
| Deposit | This amount is based on 1 month’s estimated repossessions and is refunded minus any offsets such as deductibles, return check fees, late fees etc. 2 years after a membership is resigned or terminated. |
| Current Lot Fees / Initial Ins. Pmt. | $370 or $18.50 x # of vehicles currently stored if more than 20 vehicles are stored (Provides premise liability coverage from effective date of coverage and physical damage coverage for vehicles that are currently stored on the lot, but repossessed while covered by previous carrier) |
| Check by Fax Fee | $3 |
| Return Check Fee | $35 |
| Additional Office / Lot Inspection | $200 |
| Relocation of Office / Lot | $200 (If both are at the same address) |
| Relocation of Office / Lot | $275 (If office and lot are at different addresses) |
| Certification Course Registration | $95 |
| Annual Seminar Registration Fees | Announced prior to seminar |
| Late Payment Penalties | 10% of monthly report |
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