COMPLIANCEWARE SOFTWARE SAVES TENS OF THOUSANDS OF DOLLARS.CompliSource, Acton, Mass., which simplified the practice of compliance law by compiling regulatory information for the entire United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. on the Internet, has augmented its database with consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and laws from every state. The database now has two new modules - for unsecured lending and consumer goods financing - that enhance the already enormous database that is constantly updated by lawyers and compliance experts to keep corporate attorneys up to date on the more than 50,000 compliance statutes and regulations across the country. The newest sections of the database organize the laws governing consumer goods financing and unsecured lending into interpretive summaries covering key areas, such as debt collection, repossession The taking back of an item that has been sold on credit and delivered to the purchaser because the payments have not been made on it. For example, if an individual fails to render prompt payments on a new car, the car might be subject to repossession by the finance company, and credit reporting. "These new components of our database are part of our ongoing commitment to providing companies and their attorneys with the most comprehensive source for compliance regulations," said Roger Gallo, CompliSource's president and chief executive officer. "The regulations governing unsecured lending and consumer goods financing are extraordinarily complex. Our database frees up attorneys to focus on the practice of the law - not on the research behind it." CompliSource's database gives attorneys and compliance officers online access to state-by-state compliance information at any time. The database provides complete and detailed analysis in property and casualty insurance; workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. ; first and second mortgage and home equity; motor vehicle financing; watercraft financing; unsecured financing; student loans; debt collector debt collector n → cobrador(a) m/f de deudas debt collector n → agent m de recouvrements debt collector debt n licensing and consumer goods financing. Unlike other compliance products, the electronic databases, which are available online and on CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , provide summaries of trends and analysis of the laws and regulations affecting the financial and insurance industries. A proprietary Search Wizard offers quick access to regulations and comparisons from one state to the next. Companies using the ComplianceWare software can save tens of thousands of dollars. The system, which covers all 50 states plus Washington, D.C., and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , is available with an annual subscription. Customers include Nissan Motor Corp., Isuzu Motors Ltd., Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Co., Prudential and Zurich insurance companies. About CompliSource CompliSource is the nation's number-one provider of information solutions for compliance professionals in the insurance and financial services industries. Its online guides to industry-specific regulations keep compliance officers up to date on pertinent laws and related legal interpretations concerning consumer finance, mortgage lending and insurance. For more information, visit http:/www.CompliSource.com or call 978-795-2310. |
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