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.
Add your answer:
Related Questions
What is needed to start a repossession business in Georgia?
check out laws and regulations in your stae(georgia)
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.
Where do you get car repossossion permit?
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
What is needed to become a repossession agent in Oklahoma?
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
What documentation is needed to get a repossession title in Indiana?
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.
How do you become a repossession agent in Minnesota?
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.
How much coolant do you need?
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.
Are there any special licenses registrations or bonds needed to run a repossession business in Indiana?
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/
Is your business needed in this area?
My business is needed in all areas.
What are the requirements needed in order to sell a car in the UK?
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.
What procedures are needed to get repossession stopped?
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.
What is the purpose of temporary car insurance?
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.
What is needed to start a vehicle repo business in Illinois where would I obtain the insurance for the business?
Some useful links to Illinois' small business information: http://business.illinois.gov/ http://www.ilsmallbizadvisor.biz/ilsttemp/ http://www.illinoisbiz.biz/dceo/
What are the specifications of a Butler Toyota?
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.
What is needed to start a vehicle repo business?
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.
Can a lender garnish wages after repossession in North Carolina?
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.
Is a warrant or court needed to repossess a vehicle in the state of Tennessee?
No. The lienholder is the rightful owner of the vehicle, and can reclaim their property as needed.
What is the equity percent needed to finance a new business?
what is the equity percent needed to finance a business
What is the money needed to start a business called?
The money needed to start a business is called "capital".
Why profit is needed to business?
why is profit requirment for a business?
Did the Romans teach maths at school?
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.
How much force is needed to knock out a bear?
the amount needed is the amount that's taken by the bear
What are the qualifications needed to own and run your own small business?
what qualifations are needed run my own business?
What kind of insurance is needed for a commercial cleaning business?
Cleaning Business InsuranceYou will need a commercial General Liability and a commercial auto policy if your vehicle is used for business. The underwriters will want to know if you do any window cleaning and how many stories and also if you do floor waxing.
Can you legally hide your vehicle from repossession until you make the needed payments?
First of all a vehicle repossession is a civil matter, not a criminal matter. The repossesors are notified by your finance company after 60 days if you havn't picked up their phone calls to tell them you need an extension and then if you have they only send your info to repo companies after 90 days. So if 3 months is all you need your in the clear if you contact your finance company after that you can hide your vehicle however please check your state laws because for example in Texas it is legal for them to convict you of a felony but that takes about 6 months also in some states repo companies can get a warrant from the police to get your vehicle even if its parked in a closed garage.
