Repossession Service Agreement

How To Use

This is a standard repossession agreement that can be modified to meet the terms you require in your business activities.

This review list is provided to inform you about this document in question and assist you in its preparation.

  • Make multiple copies. Give one to each signer.

Repossession Service Agreement

BACKGROUND

________________________________, CREDITOR, and ________________________________, AGENCY, agree:

CREDITOR is the owner or collection agent for various retail installment contracts, granting liens on automobiles. From time to time CREDITOR requires repossession services when the various contract debtors are delinquent on their debts, and CREDITOR herewith contracts with AGENCY to perform such repossessions.

PAYMENT

AGENCY shall receive payment as follows: ________________________________________

_________________
Date

_________________
For Creditor

_________________
For Agency