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Does the word M-O-N-E-Y ring a bell? LOL Decent truck=$25K,INSURANCE(IF you can get written)$15Kper year office= phone lines,computer,faxes,cell ph,files,5-10K. AFTER you get all that, do you have CLIENTS???? Are there other repo companys servicing your area? You dont want a price war to start with. LAWS. Do you know them? FDCPA, G-L-B,FCRA, ect.... Texas TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Texas State Department of Transportation, Division of Motor Vehicles, 4000 Jackson Ave., Austin, Texas 78738. Tel.:(512)465-7611. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Repossession affidavit (D12-264) if Texas title; out of state repossession affidavits accepted. PLATES: Remain with the vehicle. http://www.capitol.state.tx.us/statutes/statutes.html If you have more specific questions, email me. Good Luck

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โˆ™ 2015-07-15 19:15:53
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Q: How do you start a repossession business in Texas?
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How do you start a repossession business?

To start a repossession business you must file the appropriate business license. Many repossession businesses also have insurance and a bond for their business.


What is needed to start a repossession business in Georgia?

check out laws and regulations in your stae(georgia)


What type of license do you need to start a repossession business in Texas?

According to the websites, below, no license is required to run a repossession business in Texas, but there may be a need to get a basic business license within the specific community, especially if the business requires parking and/or fuel facilities, and/or the use of arms and weapons, etc., not to mention a towing license, assuming you intend on executing the repossessions, rather than just doing the investigative end of it. Consult the Texas Department of Transportation and your local Chamber of Commerce, Town Hall, or similar government offices.


Where can you look online to find out if Texas has the concealment law with interestcar hiding-repossession?

You can start researching Texas law at the Related Link below


A sample letter of vehicle repossession for the state of Texas Where can you find one?

Sample letter of vehicle repossession for the state of texas


In Texas do you need a writ of repossession?

No, all that is necessary is a valid repossession order from the lender.


What is the maximum automobile repossession fee that can be charged in Texas?

Some states have set maximum amounts for repossession fees. The state of Texas,. however has not set a maximum amount on the fee that can be charged for a car repossession.


How many payments in the state of Texas can you be behind for repo?

Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.


Which US states do not require a business license to operate a repossession business?

All US states require the repossession agency be licensed and bonded.


License is needed to start a security business in Texas?

yes yes


What is needed to start up a repossession business in the US?

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.


When doing a repossession in Texas can you block their car in?

When doing a repossession in Texas can you block their car in?Check with the local police departments. You probably can, as long as the car is NOT parked on private property.

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