Posted On:
May 26, 2010
Repo Companies are Fined by State Agency
The California Bureau of Security and Investigative Services regulates auto repo companies. The agency cites and fines licensed repo companies for violating the statutes that govern their conduct. Violations include entering property without the owner's consent, failing to report violent acts, failing to register employees, and using owner 's personal property. The agency website lists 26 violations by twelve repo companies. Fines ranged up to $500 per violation.
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