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Sierra Nevada Adjustment Group, Inc
DBA
SNAGNET NATIONAL NETWORK
10475 Double R Blvd
Reno,
NV
89521
Office 775-328-0181 - Fax 775-786-1528
CLAIM PLACEMENTS
Claims may be faxed to: 775.786.1528,
mailed to our offices listed above or
e-mailed to: sdukes@nevadacollections.com
Client Agreement
The following mutual agreement represents a legally binding contractual arrangement
for collection services between two parties.
The Client may cancel this agreement at any time by sending the agency a 45 day written notice via
certified mail requesting cancellation of the agency / client relationship / agreement.
The
first party with a claim to collect is:
Hereafter referred to as the “Client” and the second party is
Sierra Nevada Adjustment Group, Inc.
, hereafter referred to as “Agency”. Both parties are mutually bound by this agreement, having
affixed their signatures hereto and thereby granted their written consent to the following parameters:
1.)
The Client agrees to provide the Agency with accounts for collection as well as
all pertinent information available that could assist the agency in the
recovery thereof.
2.)
The client will be invoiced for any payments, or recoveries paid directly to the client deemed
necessary by the agency, and the invoice will be due by the 15th of the following month
to allow for payments to clear, and/or be finalized.
3.)
Any monies due the client by agency will be remitted to the client for the
previous month’s net collections and the remittance will be sent by the agency
on or about the 15th of each month.
4.)
It is understood and agreed, that once an account has been placed with the Agency,
any Payment made directly to the Client or to the Agency is subject to the rate
structures, below.
5.)
Monthly status reports are sent on the 25th of each month, unless directed by Client.
RATES
6.)
The agency's fees for Commercial accounts are contingent and based
at a rate of
20%
of the balance placed which may include interest. Consumer/ Retail accounts are contigent and based at a rate of
33%
also including interest. Interest going forward is charged at the
contract rate or the statutory where there is no written contract. Interest is commissionable at
the same rates set out above.
7.)
A
15%
commercial contingency rate and a
12%
consumer / retail contingent where an account is forwarded by the Agency for pre-legal-collection
or litigation to one of the Agency Network’s affiliate law firms.
8.)
In order to litigate an account, the Client’s authorization must be sent to the agency in writing
before any legal proceeding shall commence.
9.)
The Client agrees to give the agency and its affiliates a power of attorney to deposit any funds
received from the client's debtors directly into their respective bank accounts for later remittance.
10.)
The Client may cancel this agreement at any time by sending the agency an Email or a 45 day written notice via certified mail requesting cancellation of the agency / client relationship / agreement. For any reason it deems necessary, the agency may cancel the agreement immediately by notifying the client of the cancellation via mail, fax, email or telephone and the cancellation may be executed without stated cause. It is understood and agreed that any accounts in which payment arrangements have been made by the agency or any of its affiliates, prior to or during the term of any cancellation period, will be carried forward beyond the expiration of the cancellation period, until such arrangements are met or become 60 days delinquent, as determined by the agency and its affiliates.
11.)
To initiate a placement please use attached template or visit www.pacificstatescollections.com, both of which require the following:
1.)
Date assigned to Agency
2.)
Account number
3.)
Opening date
4.)
Length of contract
5.)
Book value of item at time account was
opened
6.)
Payment frequency (Monthly, Bi-Weekly, or Weekly)
7.)
Number of payments made
8.)
Balance at time of charge off
9.)
Contract payment amount
10.)
Date of last payment
11.)
Date of charge off
12.)
Name, address and phone number of debtor
13.)
Employer: Department employed
14.)
Social security number
15.)
Date of birth
16.)
Name. address, phone number, and
employer for spouse
17.)
Drivers license and Sate issued
18.)
Description of item rented or leased to customer
19.)
Does Client want property returned? (Contingent commissions are based on low book value of chattel item
20.)
Any other additional biographical or location and identification information available on debtor.
(Please enclose an application and any other documents that may help our efforts to recover this obligation)
Please feel free to contact us if we may be of further assistance. You will receive an
acknowledgement within seven days of placement.
Authorized signer for the client:
__________________________________date_____________
Authorized signer for the agency:
________________________________date_____________
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