Michael Levison is the CEO of Resolvion, one of the largest repossession management companies in the nation. His firm, which has a division devoted exclusively to commercial equipment and vehicles, oversees the recovery of 200,000 units annually.
There are few actions that a lender takes that have more potential for legal or damage claims than a vehicle or equipment repossession. Ensuring that your service providers have the right types and amounts of insurance coverage is critical to... read more
When the COVID shutdown began, most lenders issued moratoriums on repossession activity and began issuing payment deferrals to customers on a large scale. Several states also issued executive orders reducing or eliminating a lender’s ability to enforce their security interests... read more