Under no circumstances should investor attempt collection on a late payment yourself. Compliance with all state and federal laws while attempting to collect a delinquent loan is not trivial. When necessary, IRESE ensures all collection activity is performed by licensed and professional collection agencies. Investors who undertake debt collection (even if they are a debt collector by trade) are in violation of IRESE legal agreements and will undermine the collection agency's ability to do their job. Moreover, in doing so you run the real risk of creating a legal liability for yourself.

Lenders may not contact a late owner, the late owner's IRESE brokers with pestering or threatening messages at any time.

Failure to follow these policies may result in a range of actions, including:

• Warning
• Suspension of IRESE membership
• Termination of IRESE membership