RSIG remains the premier group of insured repossession agencies by carefully underwriting and screening potential members. Part of that process is making sure that potential members meet certain criteria before undertaking the process of completing the application and gathering all the necessary information.
- Minimum two (2) years verifiable experience as a manager or owner of a repossession business or qualified repossession experience in a finance adjustment related field. Continuous participation in recovering, securing, and disposing of collateral following applicable local, state and federal laws, rules and regulations.
- A secured storage facility (either leased or owned) to prevent unauthorized entry/access/use/ or damage to stored, repossessed collateral that is not shared with any other company or business activity with at least a six feet chain link fence with 3 strands of barbwire, or comparable security measures. These measures include but are not limited to security lights, monitored alarm system, razor wire, etc.
- Proof of ownership of at least one tow truck to be used in the repossession process and proof of commercial auto liability coverage in the amount of $1,000,000 for that/those truck(s)
If you meet these pre-qualifications, click here to learn more about our application process…
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