Advanced Techniques & Methods Flashcards
7 cards from real CARS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Advanced Techniques & Methods flashcards as text
When conducting a skip trace using social media, which technique is MOST effective for locating a debtor who has set all profiles to private?
Answer: Review cached or archived versions of formerly public posts
Cached or archived versions of formerly public posts can reveal location data, employer information, and connections that the debtor subsequently hid.
A 'soft pull' credit inquiry during the skip-trace process is preferable to a 'hard pull' primarily because:
Answer: It does not negatively impact the debtor's credit score or alert them
A soft pull does not appear on the debtor's credit report as an inquiry, avoiding any alert that could cause the debtor to move assets or relocate.
Under the Gramm-Leach-Bliley Act (GLBA), a repossession company that receives nonpublic personal information from a financial institution must:
Answer: Use it only for the purpose for which it was shared and maintain appropriate safeguards
GLBA requires that nonpublic personal information received from a financial institution be used only for the disclosed purpose and protected with appropriate security safeguards.
When attempting to locate a vehicle using license plate reader (LPR) data, which limitation must a recovery agent be aware of?
Answer: LPR data may only be used in states where its commercial use for repossession is explicitly authorized
Several states restrict or prohibit the commercial use of LPR data for repossession purposes, so agents must verify applicable state law before relying on this technology.
The 'interview and rapport' technique is used in field investigations primarily to:
Answer: Build conversational trust with third parties to voluntarily reveal debtor location information
Building rapport allows agents to obtain voluntary disclosure from neighbors, coworkers, or associates without legal compulsion or misrepresentation.
A recovery agent discovers that a debtor has transferred the vehicle title to a spouse to prevent repossession. The BEST immediate course of action is to:
Answer: Contact the lender to investigate whether a fraudulent transfer occurred and seek legal guidance
Transferring titled collateral to avoid repossession may constitute fraudulent conveyance, which the lender's legal team must evaluate before the agent takes action.
Which of the following best describes 'field card' documentation in advanced recovery operations?
Answer: A standardized record of every investigative action, observation, and attempt made at a location
A field card documents all attempt dates, times, observations, and actions taken, creating a contemporaneous record that supports legal defensibility and lender reporting.