Constitution

The name of this association shall be the National Association of Consumer Credit Administrators.

The purpose of the Association shall be to improve the supervision of Consumer Credit Agencies and to facilitate the administration of laws governing these agencies by (All references to states should be interpreted to include dominions, commonwealths, territories, provinces, or other applicable political areas)

1. Providing a forum for the exchange of information, ideas and experiences among public officials having supervision of such agencies and changes with the administration of such laws.

2. Facilitating intercommunication among its members and circulating information of interest to its members between meetings of the association.

3. Developing standard forms and otherwise encouraging the collection of adequate and comparable statistical information concerning Consumer Credit Agencies in each state.

4. Coordinating the efforts of individual states toward determination of sound public policy with respect to the supervision and control of consumer credit.

5. Cooperating with other organizations whether public or private, which are concerned with or interested in the supervision of Consumer Credit Agencies in the administration of the laws governing these agencies.

6. Increasing the usefulness and efficiency of the state departments having supervision over Consumer Credit Agencies and promoting the general welfare of the consumer and of the consumer finance industry by securing greater uniformity of supervisory procedures and of the laws administered by the agencies in the various states.

7. Performing such other services or undertaking such other activities as will, in the opinion of its members, contribute to these purposes.

Section 1. The membership of this Association shall consist of the officials of the states and territories of the United States of America and of the Dominion of Canada, or their associates, who, by law, are vested with authority and duty to administer laws which require regulation or supervision of Consumer Credit Agencies in the United States of America and the Dominion of Canada. Upon written application to, and approval by, the Executive Committee, membership to this Association may also be extended to officials, or their associates, from any other country who, by law, are vested with authority and duty to administer laws which require regulation or supervision of Consumer Credit Agencies. (Amended September 28, 2005)

Section 2. If more than one official of a state is authorized by law to enforce consumer credit laws, each of those officials may become a member of this Association by paying membership dues. Each member is entitled to vote, hold the position of officer or Executive Committee member, participate in the Association's activities, and may be listed in its membership roster. Any official who has not paid or been excused from paying membership dues for the year immediately preceding the annual meeting is not entitled to vote or hold office and shall be listed separately in the back of any directory prepared by NACCA.

Section 3. A member may designate an official representative from that state to act for the member. The official representative may participate in this Association's activities in the same capacity as the member making the designation and may be listed in its membership roster.

Section 4. The Executive Committee may confer honorary membership upon former members of the Association. Honorary members may not vote, hold the position of officer or Executive Committee member, or chair or serve on committees except that honorary members may serve in an advisory capacity on the Past Presidents Advisory Committee and the Remembrance Committee. Honorary members otherwise are entitled to participate in this Association's activities and may be listed as honorary members in its membership roster. (Amended September 5, 2003)

Section 1. The officers of the Association shall be as follows: President, First Vice President, Second Vice President, and Secretary-Treasurer. Offices may be combined, such that more than one office may be filled by an individual upon a vote of the membership in electing officers for the upcoming year or by a vote of the executive committee if during the year of a vacated office. (Amended September 5, 2003)

Section 2. An officer may resign at any time by giving written notice to the President or the Executive Committee. A resignation shall take effect at the time specified therein or if no time is specified immediately upon its receipt. An officer or member of the Executive Committee may be removed at any time by the affirmative vote of the majority of the Executive Committee provided that reasonable notice is given prior to the meeting at which such action may be considered.

Section 1. Committees shall consist of the following: Executive Committee, Auditing Committee, and the Continuing Education Committee. Other committees may be appointed at the President's or the Executive Committee's discretion.

Section 2. The Executive Committee shall consist of the elected officers and three other members appointed by the President, one of whom shall be the Association’s immediate past President, conditioned on his or her continued eligibility for membership under Section 1 of Article III.  All other committee appointments shall be made by the President.  (Amended September 27, 2006, with an effective date as of the adjournment of the Association’s 2007 Annual Meeting).

Section 3. Following the annual meeting, the newly-elected President shall appoint such other committees as the President shall desire.

Section 1. The members of this Association shall convene at least once annually at such time and place designated by the Executive Committee.

Section 2. Each annual meeting may include a joint meeting held with members of the consumer finance industry. If a joint meeting is included in an annual meeting, the Executive Committee will serve as a Liaison Committee, working with a similar group from industry, which shall prepare a program of appropriate nature. The date of the joint meeting shall be set by the Executive Committee. (Amended September 5, 2003)

Section 3. Written notice of the dates and place of the annual meeting shall be provided to the members at least thirty (30) days in advance of the meeting. Such written notice shall include the date and times of the business meeting, any joint industry meeting, the annual meeting program of activities, and such other items of business as the President or Executive Committee may determine. (Amended September 5, 2003)

The fiscal year of the Association shall be from July 1, through June 30, of the following year.

The annual dues for each membership in this Association shall be determined by the Executive Committee and are due on or before August 1 of each year. Any member who demonstrates a bona fide inability to pay annual dues may be excused by the Executive Committee from paying dues. If a member fails to pay dues for more than two consecutive years without having been excused by the Executive Committee, the member shall be removed from the Association's membership roster. Honorary members are not required pay dues. The membership may by a two-thirds vote of the members present and voting, establish a ceiling on the annual dues payable for the following fiscal year. (Amended August 17, 2002).

An audit of the Association's funds shall be made by the Auditing Committee during each scheduled annual meeting and at such other times as may be ordered by the Executive Committee.

Sixty percent (60%) of the members attending an annual meeting shall constitute a quorum. (Amended September 5, 2003)

Amendments to the Constitution and By-laws may be adopted by a two-thirds vote of the members present and voting either in person or by their official representatives, provided copies of such proposed amendments have been mailed, or otherwise provided, to the members at least thirty (30) days prior to the annual meeting or without prior notice, provided the vote is unanimous by those present and entitled to vote.