HomeWhat type and amount of bond is needed to start a vehicle repossession business in New York state?
Wiki User
2005-01-11 13:00:49
2005-01-11 13:00:49
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.
Related Questions
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.
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.
My business is needed in all areas.
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/
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.
Short-term insurance is useful for those not needing a vehicle long-term such as for business, vacation, or a borrowed vehicle. Some people use it when first purchasing a vehicle as insurance is needed for registration.
Some useful links to Illinois' small business information: http://business.illinois.gov/ http://www.ilsmallbizadvisor.biz/ilsttemp/ http://www.illinoisbiz.biz/dceo/
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.
The specifications of a Butler Toyota would depend on which Toyota vehicle the specifications were needed for. As Butler Toyota is a business and not a particular vehicle, located in Butler, PA, the question is not valid.
Yes, a business strategy plan and business forecasts are needed for start-up business loans.
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.
The money needed to start a business is called "capital".
what is the equity percent needed to finance a business
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
No. The lienholder is the rightful owner of the vehicle, and can reclaim their property as needed.
why is profit requirment for a business?
Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.Yes, the Romans learned math in school as they needed it in their business dealings and their accounting.
what qualifations are needed run my own business?
the amount needed is the amount that's taken by the bear
A financial benefit that is realized when the amount of revenue gain from a business activity exceeds the expenses, cost and taxes needed to sustain the activity. Any profit that gained goes to the business's owners.
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