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Article: DV consulting results in legal trouble for shop

Article from:
Automotive Body Repair News
Article date:
April 1, 2002
Author:
Copyright

An Arkansas shop owner's pursuit of DV results in a cease and desist order

Diminished value (DV) is a controversial enough topic in courtrooms across the nation, but it is an even more volatile issue for repair facilities that offer consulting and appraisal services for diminished value. And such is the goal of Greg and Cynthia Kordsmeier, owners of Kordsmeier Auto Refinishing in Conway, Ark., whose pursuit of DV recovery has recently brought them legal trouble.

Greg Kordsmeier was issued a cease and desist order on Sept. 26, 2001, from Arkansas Insurance Commissioner Mike Picken's office. It was issued based on, "The matter of the unauthorized insurance consulting activities of Greg ...

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