Repossession of what? Who? The repo agent?
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
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?
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.
The repossession agent shows up and takes the car if everything goes correctly.
search on "recovery agent" + OHIO" in your browser.
Till they find it.
The repossession agent is not a law enforcement agent, and has no such authority.
They repo agent will take it when your not looking. The agent still has a job to do and only get paid if the jod is complete.
check with the State assoc. gapra.org
Only if they want to be charged with kidnapping. NO.
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 this.
After repossession, the lien holder or agent sends information on how to reclaim the vehicle; if the owner does not respond or cannot repay the outstanding debt, the agent removes all personal belongings and sells the vehicle at auction. You will then be liable for the difference in what it sells for and the balance on the loan plus repossession fees.
Click this link. Read it and thinks about it. Good Luck
your mom can
Not without a court order.
Get yourself a business license and some clients.
Then they're liable for the damages. You need to file a police report immediately.
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.
No, a juvenile cannot enter into such an agreement and the repossession agent could be held legally accountable for attempting/taking part in such action.
No. The only vehicle that can be repossessed is the vehicle for which the agent has a valid order of repossession, OR in some cases, a vehicle the agent encounters (such as reported by a camera car) in the process of locating another repossession. Anything other would be wrongful repossession or possibly grand theft auto and extortion.