TITLE STATE: Yes. SECURITY INTERESTS: Shown on title, held by first lien holder. LICENSE REGISTRATION: Delaware Division of Motor Vehicles, Administration Office. Post Office Box 698, Dover, Delaware 19903. Tel: (302)739-2500. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Title. Repossession Affidavit(MV-195), copy of contract. PLATES: Remain with the vehicle http://www.delcode.state.de.us/title10/c095/sc04/index.htm
All US states require the repossession agency be licensed and bonded.
I don't think you need to be in this business since you need to be smart, and if you had done your home work then you would know that Ohio doesnt require a collection license like mich. does so if I was you I wouldn't quit my day job.
I would like to start a drivers education business in Kansas, where do I start?
Why is it often easier to start a service business than a goods-producing business
The money needed to start a business is called "capital".
To start a repossession business you must file the appropriate business license. Many repossession businesses also have insurance and a bond for their business.
Get yourself a business license and some clients.
check out laws and regulations in your stae(georgia)
All US states require the repossession agency be licensed and bonded.
It might be easier to contact an existing repossession service such as Renovo, Inc. They contract service providers in other states to conduct repossessions in their local areas. This way, you get experience in the business, and they take care of all the red tape.
Can wages be garnished for the balance of an auto loan in the state of Delaware
Pay it off, or, make some sort of deal with the bank to get caught up,
· Kent is a county in Delaware
Because it is business friendly.
BPA stands for "Business Professionals of America". Delaware BPA is the section of this group for students in the state of Delaware.
Repossession agents are not typically paid a salary, nor are they typically paid hourly. Repossession is a per unit business. That is, the repo man is paid by the vehicles he recovers. Amounts vary by the individual business.
I make them for $12 a piece. Email me at damagefreerecovery@yahoo.com