CURepossession

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Important Changes to Florida’s Repossession Law

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Guest Editorial

Chapter 493 is the Florida law that regulates the licensure and oversight of those who provide repossession services as well as licensure and oversight of the private investigation and private security industries.

Effective July 1st, 2013, some very important changes were added to this law by the Florida Legislature.  These new changes are very important to licensed recovery agents, creditors who hire the services of Florida Recovery Agents and those who service repossession assignments without proper license, including unlicensed auctions, transporters, private towers, etc.

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