CLFP EXAM - Collections 2025 |
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Terms in this set (52)
General collection duties as well as
What is the situations such as repossession,
purpose of a acceleration of a lease, bankruptcy
collector? and alternative liquidation
processes.
, 1.) provide crucial link lessor, lessee
and industry
Characteristics
2.) Establish nurture communicaiton
of a good
3.) Alerts the lessor's other divisions
collection team?
4.) contributes to success of
company
When does 1.) regular payment not received
Collection Of 2.) Notification of failed ACH
Lease Contract 3.) NSF notice
start? 4.) Notice of breach of contract
Describe 1.) respectful
collectors initial 2.) assume intent to repay
delinquency 3.) use only know email addresses
communication 4.) limit email to name, business and
with lessee. request for contact.
What should be 1.) app parties
noted for all 2.) Date & time
communication? 3.) The outcome
Updated Questions and Correct
Answers | Graded A+ | Verified
Answers | Just Released (Latest
Version)
Save
Terms in this set (52)
General collection duties as well as
What is the situations such as repossession,
purpose of a acceleration of a lease, bankruptcy
collector? and alternative liquidation
processes.
, 1.) provide crucial link lessor, lessee
and industry
Characteristics
2.) Establish nurture communicaiton
of a good
3.) Alerts the lessor's other divisions
collection team?
4.) contributes to success of
company
When does 1.) regular payment not received
Collection Of 2.) Notification of failed ACH
Lease Contract 3.) NSF notice
start? 4.) Notice of breach of contract
Describe 1.) respectful
collectors initial 2.) assume intent to repay
delinquency 3.) use only know email addresses
communication 4.) limit email to name, business and
with lessee. request for contact.
What should be 1.) app parties
noted for all 2.) Date & time
communication? 3.) The outcome
