Conditions of Service
When placing accounts for collections, Creditor agrees
  •  to notify NACM East Coast Collections promptly of all payments received
  •  to pay charges for actual collections according to services rendered, in accordance with the rate schedules in effect at the time of placing accounts, conditions, and other information shown herein plus such other charges and disbursements as may be mutually agreed upon.
  • NACM East Coast is to have the right to endorse for deposit and collection, in name of and on behalf of the Creditor, checks or other negotiable instruments received on accounts placed with it for collection, and to deduct any applicable charges there from.

NACM East Coast agrees that a Creditor may withdraw an account without payment of fees if there has been no payment activity within three months of placement and the account is not with an attorney.

 

Creditor Authorization Statement
If it shall become necessary to forward to an attorney for collection any account which you have placed, NACM East Coast is authorized and directed, as your agent and as a convenience to you, to tender the claim to an attorney, subject to the following terms & conditions:

The right to choose an attorney is reserved to you. When you desire to do so, you will send NACM the names of attorneys in various locations or for specific cases to whom your accounts shall be transmitted. Where you have not done so, NACM is authorized to tender the account to any attorney selected by us.

If suit is recommended by your attorney, you will be advised as to the requirements pertaining thereto. No suit shall be commenced, no compromise shall be effected, no extension of time for payment shall be granted and no expense chargeable to you shall be incurred without your specific authorization. Recommendation for the filing of any suit, or a proposed compromise, or an extension of any other matter requiring a decision by you may be made directly to you by your attorney if he or she desires. When you authorize a suit or an expense, you agree to advance the necessary costs.

NACM is authorized and directed as your agent to conduct on your behalf all routine correspondence with the attorney, subject to your control, and all matters requiring a decision shall be referred to you as stated above.