Bond?? whatever the NY authorities require to get a BL. Bond to get business?? Varies by lender. MAJOR nationwide lenders usually want $1,000,000 wrongful repossession insurance.Smaller lenders may not require a bond. Certification??? NOT required but it is VERY useful. At $350.00 for a cert course, it is money weel spent.
check out laws and regulations in your stae(georgia)
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.
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
A certified copy of the contract is all that is needed to obtain a repossession title in the state of Indiana. One does not have to be licensed to become a repo agent in Indiana.
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.
My business is needed in all areas.
The amount of coolant needed is different from vehicle to vehicle. Smaller vehicles like motorcycles may only need a few quarts while a large truck would take several gallons. The amount required for your vehicle will be shown in your owners manual.
A business would need a quorum. A quorum is the least amount of voting members that is needed to be at special meeting that conducts business for the company. A quorum is needed so businesses can conduct plans.
Is there a place to find rules and regulations for repossessing vehicles in the state of Indiana? Popularity: 4 Question asked by Jason McClain on September 22, 2004. How do you go about starting a repossession business in Indiana? Popularity: 3 Question asked by Jesse Hamilton on September 25, 2004. http://www.in.gov/pla/
Depending on the state you reside in the procedure in order to get a repossession stopped is difficult. One of the few ways to stop a repossession is if a "breach of the peace" were to take place such as your car being in a locked garage or a threat of force was issued.
In order to sell a functioning vehicle in the United Kingdom three things are required: proof of ownership, the outstanding amount owed on the vehicle (if applicable) and the title. For salvage vehicles, all that is needed is the title.