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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.
What else can I help you with?
How much money is needed to start a small repo business?
alot but not to to much
Can a repo take place at your work in Florida?
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.
What is the yearly salary for a repo man?
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.
What are the requirements to qualify for a Citi business credit card?
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.
How badly does voluntary repossession hurt your credit score?
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 you get a repo license in Florida?
how do i get a a repo license in Florida
What are the legal requirements to start a home repair business 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?
What is the requirements to start a nightclub in Florida?
TO start a nightclub in Florida you need the relevant paperwork from the authorities that permits you to do business.
Do you have a right to be at the repo auction in Florida?
no.
In Florida is there a limit on the amount of money that a repo company can charge?
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.
Is it hard to start your own repo business?
Any business is hard work to open so a repo business would be hard to open as well.
What are the requirements to become a repo man in Missouri?
== == http://www.mo.gov
How do you start a car repo business in new york?
do I need to be bonded in nystate for repo cars
In Florida can repo folks come on marked property?
Yes !!!!!!!!!!!!!!!
Can anyone repo cars in Florida?
NO. YOU NEED A R# FROM THE STATE.
Can a 2nd lien holder repo your car?
YES if you don't pay any lien holder,they can repo it until you meet their requirements
How far do you have to be behind on your payments to legally repo in Florida?
ONE day.
