The State of California has strict licensing requirements. A repossession agency means and includes any person who, for any consideration whatsoever, engages in the repossession business or accepts employment to locate or recover personal property, including but not limited to personal property registered under provisions of the Motor Vehicle Code, which is subject to a security agreement, is by definition a "repossession agency" and must be licensed as such, under state law.
Unless exempt pursuant to B & P 7500.3, only persons holding a valid repossession agency license or registration, issued by the State of California, may engage in the activities of a repossession agency. [B & P 7502.1]
At Sterling Asset Recovery, we are concerned that all of our clients recognize the importance of a quality repossession company that is properly licensed and insured. Our clients can confirm the status of our license by checking the State of California website.