Guest Editorial
As of July 1, 2013, it is officially a crime (third degree felony) for an unlicensed person to pick up a voluntary repossession in the state of Florida (Florida Statute 493.6120). The upshot of this is that it is illegal for an auction or transporter or any other entity to pick up a vehicle from a consumer…by law, has to be done by a state-licensed repossessor.
Is this unfair? Since it’s a voluntary, doesn’t it make sense for an auction or transporter to pick up a proverbial “sitting duck” and save the creditor a little money?
Read More!
Illegal for Auctions to Pick Up Voluntary Repossessions in Florida….Is That Fair? – Repossession
More Stories
Repossession vs. Remarketing: A Breakdown in Accountability
The Tale of the Orchard of Apples and Oranges
When the Repo Man Says No
The Cost of Recovery Has Changed – The Model Must Follow
Unsustainable Now: The Fuel Cost Surge Threatening the Survival of Repo Agents
The Tale of the LPR Network