Business Licensing Database
REPOSSESSOR

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AUTO REPOSSESSOR	AUTOMOBILE	CAR REPOSSESSOR	COLLATERAL REPOSSESSOR
REPO MAN	REPOSSESSION	REPOSSESSOR

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State

Colorado Department of Law Consumer Protection 1525 Sherman St 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 (4-9-629, C.R.S.) Link:  http://www.coloradoattorneygeneral.gov/departments/consumer_protection /licensing/repossesor_bonds 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.)

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page last updated 3/23/10

The Colorado Revised Statutes are available on line at http://www.state.co.us/gov_dir/leg_dir/olls/colorado_revised_statutes.htm. You can locate a statute of interest by searching either on the citation given in the database (e.g., 18-5-307) or on a keyword or phrase.

 

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