Repossessor definition
Repossessor means a person engaged solely in the business of repossessing personal property for others for a fee. The term does not include a duly licensed collection agency; and
Repossessor s tow vehicle” means a tow vehicle which is registered to a repossessor licensed or registered pursuant to Chapter 11 (commencing with Section 7500) of Division 3 of the Business and Professions Code that is used exclusively in the course of the repossession business.
Repossessor means a person who engages in business or accepts employment to locate or recover personal property which has been sold under a conditional sales agreement or which is subject to any other security interest.
Examples of Repossessor in a sentence
You affirmatively agree to take any and all actions to assure that Repossessor uses the Services solely for the purpose of repossession of a Monitored Vehicle that is in default of a loan and that Repossessor complies with all laws, rules, or regulations pertaining to the use of the Services.
More Definitions of Repossessor
Repossessor means a person who takes possession of an item when the installment payment has been defaulted and the cred- itor has the right to repossess.
Repossessor s tow vehicle” means a tow vehicle that is registered to a repossessor licensed or registered under the Collateral Recovery Act that is used exclusively in the course of the repossession business.