How do you become a repossession agent in the state of Minnesota?
Call some of these folks....
- Albertville (Minneapolis/St. Paul), MN Phone: 888-USA-REPO Fax: 888-FAX-REPO
Voice (888) 872-7376 fax (888) 329-7376 Schmitty's Repo & 24 Hour Towing - St. Paul, MN Phone: 651-246-9864 Fax: 888-202-7737
American Lenders Service Co. - St. Cloud - St Cloud, MN Phone: 320-253-6363 Fax: 320-251-7373
With over 170 offices nationwide, A.R. Services, Inc. - Bismarck, ND Phone: 800-249-7313 Fax: 701-224-9198
Ultimate Repossessors, Inc. - Richfield, MN Phone: 952-936-7061 Fax: 952-935-6062
Superior Recovery / Recovery Group (IA&MN) - Davenport, IA Phone: 1-888-876-3912 Fax: 775-514-4431
Minnesota Recovery Bureau, Inc. - Eagan, MN Phone: 800-990-REPO Fax: 651-454-3212
When you purchased the car, you may have received a lien title from the state. This is not a clear title of ownership. The lender in essence still owns the vehicle, at least part of it. It is held in security for the loan. If you are a repossession company or agent, you will be required to have an order of repossession. But, if you are a repossession company or agent, you should already know…
Pay the note or lose the car. The vehicle may be recovered from any location that is discovered provided the repossession agent does not violate the FFDCP Act or break the peace. If the debtor breaks the peace, that is on the debtor; many go to jail for such behavior. If the repossession agent is not able to notify the debtor that he has secured the vehicle, the agent is legal bound to contact the…
In order to become a West Virginia Repossession agent, training is required at an accredited school. Some states require licensing, so a test may be required, and experience working in a related field of real estate may be required to test. After a surety bond and state licensure, a tow truck operator CDL license are also required.
Are the repossession agent allowed to charge a storage fee and and a repossession fee in the state of Missouri?
Repo agents are NOT Law Enforcement Officers. Their right to bear arms is the same as any other concealed-carry-qualified citizen of the the state. I often wonder where this type of question comes from. The law, is the law is the law. The first answer is absolutely correct so far as it goes. Carrying a firearm while acting as a repossession agent is just about a sure ticket, eventually, for jail or prison. If a…
No. The only car they can touch is the one they are going after. Nor can they get inside a closed garage. The first answer is correct so far as it goes. In no state that I know of can a "repossession agent" disturb the peace or commit a felony, misdemeanor or offense during the course of a repossession of property.
Can the repossession company hold your vehicle after it has been paid off to the bank in order to collect their repossession fee in the state of Arizona?
This might help you to visualize this better. Let's say the car payment was due on the 10th of the month. At midnight, you still have not made that payment, and at 12:01 am on the 11th, the repossession agent hooks up to your car in your driveway and drives away. No, it is not against the law, PROVIDED: The lender has contracted the agent to recover the vehicle. The lender has provided a legal…