Repossession Requirements to Conduct Business in Texas

The leading software to the industry list of agents that service Texas shows there are 104 companies including the forwarders/ skip agencies servicing the state of Texas.

To be a repossessor in Texas you must meet the following state requirements

 1. Maintain a valid TDLR searchable by using this link,  

https://www.tdlr.texas.gov/tools_search/mccs_search.asp

2. As a repossessor you are required to collect and pay sales tax on each service you offer.

Texas taxable services can be found on this link. 

 https://comptroller.texas.gov/taxes/publications/96-259.php

 Your individual entities are searchable by using this link

 https://mycpa.cpa.state.tx.us/staxpayersearch/

3. If you are an out of state agent conducting business in Texas, you must be registered with the state of Texas as a Foreign Entity in order to conduct business in Texas. Requirements for Foreign Entity’s can be found here.

  https://www.sos.state.tx.us/corp/foreign_outofstate.shtml

 As a foreign entity, you must also pay state sales tax for any business you conduct in Texas. 

Searchable here: https://mycpa.cpa.state.tx.us/staxpayersearch/

  TexasARP has found the following information:

Only 21 of the 104 companies that service Texas meet all the above requirements.

5 of which are Forwarders/ Skip Companies

4 of which are out of State Entities

Clients, we urge you to check all entities in which you conduct business with.

Only 28% of recovery agencies in Texas are valid Texas Operators.

TexasARP urges all clients to review your files and make sure you are conducting business with an accredited company.

For more information on this issue contact TexasARP

Phone: (281) 507-4513
Email: info@TexasARP.org

Website: wwwTexasARP.org