In Florida, repossession businesses are regulated by the Florida Department of Agriculture and Consumer Services. To become a licensed repossession business in Florida, you must meet certain requirements:
Complete a training course: All applicants must complete a 40-hour training course on repossession techniques, legal procedures, and safety.
Obtain a surety bond: Applicants must obtain a surety bond in the amount of $25,000.
Pass a background check: All applicants must pass a background check, which includes a criminal history check and a credit check.
Obtain insurance: Applicants must obtain liability insurance in the amount of at least $50,000 per person and $100,000 per incident.
Submit an application: Applicants must submit an application to the Florida Department of Agriculture and Consumer Services, along with the required fees and supporting documents.
Obtain a license: Once the application has been approved and all requirements have been met, the Florida Department of Agriculture and Consumer Services will issue a repossession business license.
alot but not to to much
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
Repossession agents are not typically paid a salary, nor are they typically paid hourly. Repossession is a per unit business. That is, the repo man is paid by the vehicles he recovers. Amounts vary by the individual business.
The requirements to qualify for a Citi business credit card will depend on several factors which included naming your business, obtaining a business licence, and forming a business entity.
About the same as any repo. The impact is that you couldn't complete the agreement for whatever reason. Same as a repo. A repo is a repo is a repo. That is correct, there is no difference in voluntary and involuntary. Stays on your credit report for 7 years. Don't let it happen to you. It is not that bad ....in fact you can probably get another car just at a higherinterest rate... besides someone has to keep wonk and clay in business.
how do i get a a repo license in Florida
I'm thinking of starting a home repair business. Where do I find the legal requirements, such as business license or certifications, for the state of Florida? How much insurance should I carry?
TO start a nightclub in Florida you need the relevant paperwork from the authorities that permits you to do business.
no.
In Florida, the repo company charges the lender with the cost to repo the car. However, the repo company can charge no more than $25 for storage of personals found in the auto.
Any business is hard work to open so a repo business would be hard to open as well.
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do I need to be bonded in nystate for repo cars
Yes !!!!!!!!!!!!!!!
NO. YOU NEED A R# FROM THE STATE.
YES if you don't pay any lien holder,they can repo it until you meet their requirements
ONE day.