by John Darer CLU ChFC CSSC
The National Association of Settlement Purchasers (a/k/a NASP) purportedly is the trade association of the Advanced Funders, Factoring Companies and cited on the websites of Settlement Capital and Novation Capital , both members of The Society of Settlement Planners. Settlement Capital claims that the organization was founded in 1996 and states a series of ethical rules that members of this organization aspire to. Novation Capital states today that is a member in good standing of the National Association of Settlement Purchasers. Like Waldo, the web site of this organization can't be found after a reasonable search on the Internet. I was was however able to locate the following:
National Association of Sales Professionals www.nasp.com
National Association of Special Projects www.ess/pdx.edu
National Association of School Psychologists www.nasponline.org
Nuclear Antigenic Sperm Protein, whose symbol is… you guessed it… NASP!
So who is the National Association of Settlement Purchasers and why aren't they talking?
Why don't the National Association of Settlement Purchasers have an easy to find web presence so consumers can find out about them? Do they still exist? There is an old web page from FDR Resources alter ego www.topplace.com which cites the phone number of The National Association of Settlement Purchasers as (202)828-6050. Calls to this number are met with a recording that the line "has been disconnected"
If they do how many members do they have? What have they done to rein in the confusing web advertising of the factoring industry sploggers? I notice that Frank Recouper's FDR Resources (which used to cite the NASP) no longer cites being a member of National Association of Settlement Purchasers. I wonder why?
Perhaps the lack of visibility of National Association of Settlement Purchasers ("NASP") is a reason for the heated efforts of factoring companies to inflltrate the Society of Settlement Planners ("SSP"). In July 2005 Deborah Benaim of Vice-President of Peachtree Funding even hired the law firm of Greenberg Traurig, to help her and Peachtree get in when the Society of Settlement Planners ("SSP") didn't move fast enough on her application.
Update
NASP finally has a website (2012). It is located at www.nasp-usa.com
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