To become a repossession agent in Minnesota a license from the state is required. A tow truck and license to operate it are also needed.
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
search on "recovery agent" + OHIO" in your browser.
check with the State assoc. gapra.org
Be Human Being. There are no formal laws or requirements regulating that state as of yet.
Repossession of what? Who? The repo agent?
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.
How much do repossession agents commonly make?
No, as long as you have verification of who your repoing it for or if you have the title and papers saying they owe you.
only a drivers license
A certified copy of the contract is all that is needed to obtain a repossession title in the state of Indiana. One does not have to be licensed to become a repo agent in Indiana.
The repossession agent shows up and takes the car if everything goes correctly.
In many of the states where repossession licenses are required, the new or prospective repossession agent will be required to apprentice with a licensed repossession agent. The repossession company will hire new drivers to ride with older, more experienced drivers who teach them the trade. In some cases, new drivers may be required to rider for a time in a "spotter" or camera car. Apprenticeships typically last for one year.
Usually Repossession agencies look for Repoman that have their own truck with a wheel lift and show proof of insurance. Recovery agents should obtain a Class A license.
No license is required,however you must have liability insurance
What qualifications and licenses are required to repossess vehicles in the state of Nebraska?
Till they find it.
The repossession company is not responsible for returning belongings. The repossession company is responsible for notifying you where you can pick up your belongings and at what times. Some companies charge you a storage fee or only give you a few weeks to pick up your belongings before they become theirs.
Possibly, but they can certainly prevent you from interfering, as it is no longer your car, hence the repossession.
To become a real estate licensed agent in Michigan, one must first provide the necessary requirements and documents provided by their state department of real estate before enrolling to any courses or training for real estate licensing.
When you cosign for an automobile purchase you are typically liable for an automobile repossession in Michigan. The reason why is because you are responsible for car payments as a cosigner if the primary debtor cannot pay.
The repossession agent is not a law enforcement agent, and has no such authority.
The active towing company will need REPO insurance and REPO agents. And some REPO clients.
Yes, there are. Most repossession services are actual towing companies who also do repossession work.