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Addendum to “Business Name” Repossession AgreementAddendum A Effective June 1, 2020COVID-19 Post Recovery Safety Surcharge1. PurposeThe Center for Disease Control (CDC), Federal Government and the American Recovery Association have suggested overall safety measures related to the COVID-19 pandemic in the repossession industry. “Business Name” also understands the seriousness of this virus and the risk and the exposure it creates to personnel. To offset the risk of exposure and for the safety of all persons, “Business Name” is instituting a COVID-19 Post Recovery Safety Surcharge, identified below as “Exhibit A”. This fee will assist “Business Name” in helping to partially offset some of the additional cost to provide safety equipment and security measures for all parties including all client’s customers relating to the repossession and post-repossession process/redemption process.2. ScopeThis COVID-19 Post Recovery Safety Surcharge includes and shall apply to all clients doing business with American Recovery Association member company “Business Name”.3. Policy and ProceduresAlso set forth by the CDC, all employees of “Business Name” will be supplied and will utilize Personal Protective Equipment (PPE) when they are not able to adhere to social distancing guidelines. Additionally, “Business Name” shall not access any repossessed or recovered vehicles for the purpose of itemizing and removing personal property for a period of no less than 72 hours after the time of repossession to ensure employee safety. Exhibit ACOVID-19 Post Recovery Safety Surcharge$ XXX.XXClient Name: ___________________________Printed Name: _________________________Position/Title: ________________________Signature: ____________________________Date: ______________________ ................
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