Currently, debt buying companies actively purchasing portfolios must earn the Certified Receivables Business (CRB) designation within one year as a condition for RMAI membership. Debt buying companies not actively purchasing receivables must meet the following requirements to remain an associate debt buyer member:
- Must not have purchased an account since the last membership renewal
- When purchasing an account meet all the requirements and standards outlined in the certification program
- Must complete business certification within one year of purchasing an account
Collection law firms, third party collection agencies, and vendors may voluntarily seek the CRB or Certified Receivables Vendor (CRV) designation but are not required to do so to maintain RMAI membership.
On July 21, 2023, the RMAI Membership approved an amendment to the RMAI Bylaws requiring current associate debt buyer members to become certified by January 1, 2025, to maintain their membership.
Starting March 1, 2024, the Certification Program is going to require a pre-certification audit as a condition to certification. Businesses that earn certification prior to March 1, 2024, do not need a pre-certification audit. If you have questions, contact Director of Certification and Education, Shannon Parod at (916) 482-2462 or firstname.lastname@example.org.