Important Changes to LPMA Payment Structure

LPMA powered by Interchange 360 is driven by producers in the petroleum, lubricant, and automotive industries. Over the course of the last 18-months, we have spent a great deal of time speaking with many different producers from diverse sectors of the industry. Your feedback has been essential as LPMA continues to evolve towards becoming a completely independent compliance organization for the industry in all states with Extended Producer Responsibility (EPR) laws. Based on these conversations and the continued growth of the organization, LPMA is making two significant changes effective immediately: 

1. Planning fees become future credits. All planning fees used for program start-up costs will become future credits for producers. Producers will still be responsible for paying fees dating back to the start date of each program. However, once the program matures, the planning fees will be credited back to each producer. You will receive account statements to help track credits. We will also provide periodic updates as programs progress as to when you may expect the credits to be applied. 
   
   
2. Payment period extended to 60 days. You will now have 60 days after the end of each reporting period to remit payment. Producers must still report within 30 days of the end of the reporting period, however, there is now an extra 30 days for payment. As an example, for Q2, producers have up to 30 days to report after March 31. Once the report is filed and invoice will be generated dated March 31. You will have 60 days from March 31 to submit payment. 

If you have questions or need assistance, contact Member Services at memberservices@interchange360.com.