Repossessor

Repossessor


State
Colorado Department of Law
Consumer Protection
1525 Sherman St, 5th Fl.
Denver , CO   80203
(303)866-4500
Fax: (303)866-5691
Definition: Person is acting as an agent for a creditor and is making third party contacts to repossess collateral.
Needs no license but is required to have $50,000 security bond purchased through an insurance agent and then filed with the Attorney General’s office. There is a $150.00 application fee and an annual renewal fee of $25.00 filed with the Attorney General’s Office. (4-9-629, C.R.S.)

Link:  http://www.ago.state.co.us/pdf/RepossessorBonds.pdf

If doing CAR REPOSSESSIONS: Must notify local law enforcement agency “at least one hour before or” NO LATER than one hour after repossession occurs. (42-6-146, C.R.S.)

Repossessor

|
State
Colorado Department of Law
Consumer Protection
1525 Sherman St, 5th Fl.
Denver , CO   80203
(303)866-4500
Fax: (303)866-5691
Definition: Person is acting as an agent for a creditor and is making third party contacts to repossess collateral.
Needs no license but is required to have $50,000 security bond purchased through an insurance agent and then filed with the Attorney General’s office. There is a $150.00 application fee and an annual renewal fee of $25.00 filed with the Attorney General’s Office. (4-9-629, C.R.S.)

Link:  http://www.ago.state.co.us/pdf/RepossessorBonds.pdf

If doing CAR REPOSSESSIONS: Must notify local law enforcement agency “at least one hour before or” NO LATER than one hour after repossession occurs. (42-6-146, C.R.S.)
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us