TITLE STATE: 1975 and subsequent years. SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Missouri Motor Vehicle, 301 W. High St., Jefferson City, Missouri 65105. Tel.:(573)751-4509. RECOVERY REQUIREMENT: After Twenty Day Right To Cure Letter from lien holder to debtor, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Affidavit of Repossession, Application for Missouri Title. PLATES: Remain with the debtor.
Outdated law voids consumer protection Posted by admin on Wednesday, April 28 @ 03:36:51 PDT (6 reads) By Michael D. Sorkin Of the Post-Dispatch 04/27/2004
The reason he could is a gaping loophole in Missouri's 4-decade-old law requiring lenders to give notice before repossessing a motor vehicle when the borrower misses a payment. The loophole limits the law's protection only to motor vehicles that cost lessthan $7,500. Your new Ford Explorer, Honda Accord, Chevy Impala, or any other vehicle that cost at least $7,500, isn't considered a motor vehicle under this law.
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== == http://www.mo.gov
Any business is hard work to open so a repo business would be hard to open as well.
do I need to be bonded in nystate for repo cars
What are the requirements to become a repossesion business in Florida?
im Missouri it is 10 days after repo, the title can be filed for repo by institution.
Two years work experience under a licensed repo agency within the state of California is required before starting repo business. An exam is to be taken to be a "Qualified Manager" which is required to ?æbe stationed in all branches. A CA business license is required before operation.
Yoy will need a business license, insurance, a tow truck, a SECURE storage lot, customers- and a knowledge of repo laws in your state. Can of pepper spray is optional.
alot but not to to much
YES, a lender can get a judgment for the balance owing on a loan after repo.
Being a spotter is a helping hand for repo companies. All you need is a drivers license and sometimes a car, Just ask your neighbor hood repo company if they need help finding the units
no! look into a law suit!