One of the purposes of Used Car Week is bringing various industry segments together for constructive conversations.

An example of that outcome surfaced when the Georgia Association of Licensed Repossessors (GALR) announced that it had “productive and forward-looking industry dialogue” with MVTRAC.

According to a news release, GALR members and MVTRAC engaged in substantive discussion regarding Georgia’s personal-property statute and its implications for modern repossession operations.

During a meeting at Red Rock Resort and Spa on Nov. 19, GALR members and MVTRAC representatives participated in an “open and candid” exchange focused on improving statutory alignment and operational clarity within Georgia’s repossession marketplace.

“GALR extends its sincere appreciation to MVTRAC for their leadership as the first national forwarding partner to proactively meet with Georgia operators to evaluate the statutory structure under O.C.G.A. § 44-14-411.1,” the organization said in the news release.

The discussion included a detailed review of how current lender and forwarding contracts and policies such as “free release” expectations, hold-harmless requirements, and suppressed or restricted key-access fees-conflict with Georgia law.

“GALR recognizes and appreciates MVTRAC’s openness in assessing how these conflicts impact agencies and consumers throughout the recovery process,”

MVTRAC has requested additional time for its legal counsel to continue examining the issues presented in the Georgia Personal Property White Paper.

Showing that what starts at Used Car Week oftentimes leads to more activity, a follow-up meeting with GALR and MVTRAC is scheduled for Dec. 15, where the organizations will continue working toward clearer guidance, improved alignment, and sustainable compliance practices that support both consumers and small business operators

“GALR encourages all lenders and forwarders operating in Georgia to engage in similar discussions, meaningful progress toward statutory alignment and toward addressing the broader systemic issues identified in the white paper,” the organization said. “It requires participation from every stakeholder in the recovery ecosystem.”