LHFU
Owner Retained
90 Degree Review
Bankruptcy
Copart
100

What do we look for frst

LOG

100

Can we do a LOG override for and OR and what is the next step?

What is...Yes, but then we close out the LOG

100

What is the first thing you do in a lot?

What is...Check MVR

100

What Document do we need from the attorney?

What is...LOD (Letter of Direction)

100

Who is you OM?

Who is...Cheri Sherman

200

What states can we no longer take verbal POI for, for Allstate?

What is...

Connecticut, Hawaii, New York, Tennessee, Vermont

Washington

200

If a lot was created as an OR, can it be changed to standard?

What is...No, we would have to have a new lot created to have the vehicle picked up

200

What do we send the LH during LHIC?

What is...SB, VE, LOGR, and COT (if needed)

200

If we have a LOD on file, do we need a LOG?

What is...Not unless the LOD states we would pay the LH directly

200

Who is your AGM?

Who is...Stacey Bayes (BBB)

300

What should we do if the LH is closed?

What is...back out of the lot and add a task note

300

If a LH states that they will NOT send a LOG and can only provide a Hold Harmless letter, what should you do?

What is...Message the seller to advise the LH is rejecting the OR, and that we cannot move forward with the OR

300

What is the rule of three?

What is...If your the third person to touch the lot you must work it through

300

If the LOD states that we need to pay the Trustee/Attorney, what do we do?

What is...Add the Trustee/Attorney as a LH to issue the OK to pay

300

What are the Copart values? 

What is...

  • Act with Integrity.
  • Be an Owner.
  • Challenge the Norm.
  • Get Results.
  • Celebrate our People.
400

If a LH is requesting GAP documents, what should you do?

What is...Note must be on file that the LH is requesting the documents for GAP

400

Alabama and Arkansas require what branding?

What is...Arkansas- Branding required if vehicle is 7 years or newer and damage is over 70% 


Alabama-Branding required on all vehicle model years 34 years old and newer when damage is over 75% 

400

2-part question...

If the LH states, the ELT was released to the seller's address, what do we do?

If the LH states, the paper title was sent to the seller's address what do we do?

What is...Run an MVR to determine that the title was indeed released. Make sure the seller approves duplicate title processing, then send a message to the yard to apply for duplicate title and close out title/LR


What is...Request a LR be sent to the correct yard address, make sure the seller approves the duplicate, and verify we have all we need to apply for the duplicate

400

What should we do if full settlement is going to the trustee?

What is...Enter PO for actual LH as 0, and send over the LOD to the LH, follow up with LH for Title/LR

400

What is Dallas HQ address?

What is... 14185 Dallas Pkwy Ste 300 Dallas TX 75254

500

Can we request a paper LR for an ELT title?

What is...No, The LH will need to remove their hold electronically

500

What state should we go by when it comes to branding the title?

What is...The processing state

500

If we see a document has been entered into the system, but we do not see it, what do you do?

What is...Check Lot Maintenace

500

If full settlement is going to the owner, what is the process?

What is...the bankruptcy judge will allow the owner to use the settlement funds to buy a new vehicle so the LH can then place their lien on the new vehicle, and then we would obtain the title/LR form the LH

500

Who is the President and Vice president of Copart?

Who is...

VP-STEPHAN POWERS

VP-DIANE YASSA

SENIOR DIRECTOR-JARROD GADD