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ROP MEMBER VALUES

This statement summarizes the values of ROP members. These set the foundation for the ROP Member Code of Ethics and provide the industry standard for the asset recovery industry. These are the core beliefs that govern our methodology and guide our decision-making.

HONESTY
We adhere to the highest standards of accuracy and truth in advancing the interests of those we represent and in communicating with the public.

EXPERTISE
We responsibly use specialized knowledge, techniques and experience. This knowledge is valuable to our clients and customers and we provide this expertise for profit, assuming risk and often incurring costs in advance. As a result, we profit from our expertise in a manner that is neither unconscionable nor unfair.

LOYALTY
We are faithful to those we represent and those we transact with.

FAIRNESS
We deal fairly with clients, customers, employers, competitors and vendors.

LEGAL PRACTICES
We follow all local, municipal, State and Federal laws, statutes and guidelines when conducting asset recovery.


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Frequently Asked Questions (FAQ)

 

I am not the individual listed on the mailing or email.  Why am I being contacted?

It is not easy to find claimants.  Our members use a number of possible data sources, some of which give phone numbers and addresses of possible relatives and associates.  If you are not the correct person, please contact the member attempting to reach you and reference the claimant’s name and the address sent to.  Members cannot delete an address if they do not know which one to delete.

 

Where is this money being held?

There are many possible sources for the monies you are being contacted about.  The funds holder can be a court, a government entity or an agency.  Members conduct research and use proprietary methods to determine the ownership of the funds.  As a result, they are not obligated to share the location of the funds being held.  In addition, you may be in the ‘discovery’ phase, which requires the member to do additional research to determine the exact amount due, or the exact location of the funds.

 

The member offered a fee schedule or percentage that I do not agree with.  Is there a set percentage or dollar amount that you recommend members pay?

We do not know the details of the cases our members are working.  As a result, we do not know the risk the member is taking, the costs associated with the recovery, etc.  You are free to contact the member and attempt to negotiate a higher fee or dollar amount, but our members generally make the best offer that they can, given the costs and risk that they are incurring.

 

How long does it usually take to get paid from a recovery?

Depending on the source of the funds, and the funds holder, it can take 2 months to over one full year.  The member that contacted you should have an idea of the time frame range for your particular recovery.

 

I am a creditor with a claim to the monies. The member has asked for an assignment of the debt in order to collect. Should I sign that?

In the vast majority of cases, the member will have to have an assignment of the debt in order to recover the funds.  Some members also send recovery information in return for a referral, with the claimant paying all costs.  Speak with the member that contacted you.

 

Some of the paperwork requires a tax id, copy of a driver’s license, copy of my social security card, social security or ein number.  Should I give that information to the member?

The funds holder will determine what is necessary to make the claim.  If the member is asking for this information, they need it in order to recover the funds.  If the member is using an attorney for the recovery, it may be possible to send that information directly to the attorney.  Ask the member.

 

Will I be taxed on the monies recovered?

Many funds holders will ask for a 1099, w2 or w9.  They will count the entire amount of the funds paid out as income to you.  However, the member should provide you with a letter showing the actual amount received by you.  Speak to your tax professional if necessary.