0
You should know the laws of your state that concern repossessions,(UCC Article 9), FDCPA,FCRA,ect. It wouldn't hurt to know some basic contract law. You should know how to operate and be licsensed to operate most types of vehicles. You should be able to operate the equipment you will be repossessing with(wrecker,self loader,rollback). You should be in decent physical shape. Will that keep you busy for a week?? Good Luck
AnswerFirst thing is you need to realize that you wouldn't be a repossession "officer". You cannot say that you are any type of officer when doing a repo. You can refer to yourself as a recovery agent, a repossession agent, repoman but never an officer. Referring to yourself as any type of officer gives color of law and that makes the repo illegal.
What else can I help you with?
Does the repossession company have to report the repossession to the police after the repossession?
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
Can an investergator get involved in a repo?
If the investegator is acting in his capacity as a police officer, then the repossession would be considered to be done under the color of law. It probably would not be a lawful repossession.
Do Police Know Car Is Under Repossession?
yes angel i know this is you
Is there an Auto Repossession Statute of Limitation in Mississippi?
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
How does one get a repossession off their credit report if they were not responsible for the repossession?
One will have to prove to the CB that one wasnt responsible. It will likely involve paying an attorney. Good Luck.
Can you get a personal loan after a car repossession?
You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
A sample letter of vehicle repossession for the state of Texas Where can you find one?
Sample letter of vehicle repossession for the state of texas
What is a repossession order used for?
In a repossession order, a lender can repossess one's home if the court approves and grants permission. The judge could either set the case aside or give a repossession order.
What is a Contingent repossession in fort worth Texas?
I would like to know what this means?
What are the Laws in Texas about a Police helping in a repo?
If the repossessor has a written assignment from the lienholder to repossess the vehicle for nonpayment, 9 out of 10 times, the police will allow the repossessor to take the vehicle. No, Use of a Police Officer or Police involvement in self-help repossession introduces the state into a civil matter and provides the foundation for a wrongful repossession suit against the Secured Party, the repossession agent, the police officer and the police department.The authority to use Self-Help repossession is granted in the UCC 9-609 and Comment 3 of 9-609 specifically states "This section does not authorize a Secured Party who repossesses without judicial process to utilize the assistance of a law enforcement officer."Simply put if you want to use a police office to assist in a repossession you better go to court and obtain a Writ of Replevin/Sequestrian first.
Can you collect a repossession fee if you do not send a pre repossession letter in Maryland?
In Maryland, a repossession fee cannot be collected if a pre repossession letter was not sent to the debtor. The letter is a legal requirement that must be provided before repossession can occur, and failure to send it could invalidate the repossession.
Who is a probationary officer?
who one of those people are i don't know, but they are a type of officer that is close to you if on probation. they kinda stalk you except legally.
