Repossession agency employee definition

Repossession agency employee means any person or
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Repossession agency employee means any person or self-employed independent contractor who is hired by a repossession agency. "Salvage auction" means a person or entity whose primary business is the sale of motor vehicles for which insurance companies have made payment of damages on total loss claims. "Secured storage facility" means an area located on the same premises as a repossession agency office or branch office that is designated for the storage of collateral and is a secure building or has a perimeter that is secured with a fencing construction that makes the area not accessible to the public. Each repossession agency office or branch office must maintain a secured storage facility. "Security agreement" means an obligation, pledge, mortgage, chattel mortgage, lease agreement, rental agreement, deposit, or lien, given by a debtor as security for payment or performance of his or her debt by furnishing the creditor with a recourse to be used in case of failure in the principal obligation. "Security agreement" includes a bailment where an employer-employee relationship exists or existed between the bailor and the bailee. (Source: P.A. 97-576, eff. 7-1-12; 97-708, eff. 7-1-12.)
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Repossession agency employee means any person performing services for a repossession agency under a contract of hire;
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More Definitions of Repossession agency employee

Repossession agency employee means any person or self-employed independent contractor who is hired by a repossession agency.
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Repossession agency employee means a person who is hired
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Related to Repossession agency employee

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