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Yes. And if you want to work for finance companies or banks, better pony up the dough. The minimum requirement is $1 million bond and $1 million in liability insurance. Many want $5 million in bond.
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∙ 16y ago
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Does a repossession agent need to be insured in the state of Connecticut?
Well you will never get any work if you are not insured, atleast do not hold out for ford triad or anybody else , you might get title loan company's but almost all of them require there recovery agents to be insured. but there are no licensing requirments. police departments must be notified after the repossession and some require to notify them before hand
What insurance do you need to be a repossession agent?
Well you will never get any work if you are not insured, at least do not hold out for ford triad or anybody else , you might get title loan company's but almost all of them require their recovery agents to be insured. but there are no licensing requirements. police departments must be notified after the repossession and some require to notify them before hand
What is needed to become a repossession agent in Oklahoma?
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
How late can a vehicle payment be in Virginia before repossession?
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
In North Carolina is a repossession company required to be licensed?
Yes, and insured.
How much does a repossession agent make?
How much do repossession agents commonly make?
How long will a repossession agent search for a vehicle?
Till they find it.
What can happen if you hide a vehicle from the repossession agent in Mississippi?
repesession
How can you view GMAC's list of cars wanted for repossession?
Be hired by them as a licensed, bonded and insured recovery agency.
Can a repo comp request a criminal warrant for a car?
The repossession agent is not a law enforcement agent, and has no such authority.
Can a vehicle repossession agent legally call your job and pretend to be a cop?
No.
Can a vehicle repossession agent take another car if the original is no longer available?
No.
