Repossession Authorization Form

REPOSSESSION AUTHORIZATION FORM

Parties and Background

Client Name:

Client Address:

Repossession Agent / Company:

WHEREAS, Client is the legal owner or lawful secured party with respect to the collateral identified below and desires to engage Agent to locate, recover and take possession of the collateral in accordance with the terms of this Authorization; and

WHEREAS, Agent is duly licensed and equipped to perform repossession, towing, storage and related recovery services and represents that Agent will perform services in compliance with all applicable laws and with reasonable care; and

WHEREAS, Client authorizes Agent to exercise the rights described in this Authorization to recover collateral for the account identified below.

Collateral Identification

Scope of Work

Agent is authorized to perform all reasonable acts necessary to locate, take possession of, remove and store the collateral including, without limitation, obtaining keys, entering private or commercial premises where permitted by law, towing, transporting, and arranging for secure storage until disposition in accordance with applicable law and Client's instructions.

Authorization and Operational Limitations

Client expressly authorizes Agent to: (a) remove collateral from public or private property where lawful; (b) tow and store collateral at Agent's facility or third-party storage; and (c) take reasonable measures to secure collateral. This authorization does not permit forcible entry into a locked dwelling; any entry into a residence or locked structure requires a separate written consent or applicable judicial authorization.

Client authorizes Agent to access gated, fenced or secured private property where collateral is located, to the extent permitted by law.

Payment Terms

Flat Fee: $   or   Hourly Rate: $ per hour

All fees, towing and storage charges are due and payable by Client. If payment is not received when due, Agent may retain collateral as security for unpaid fees and may pursue available remedies including sale of collateral in accordance with applicable law.

Term and Termination

This Authorization is effective as of: and continues until: unless earlier terminated as provided below.

Either party may terminate this Authorization upon written notice to the other in accordance with the notice period above. Termination does not relieve Client of liability for charges incurred prior to termination or for costs reasonably incurred to effect repossession already in progress.

Confidentiality and Data Handling

Agent shall maintain confidentiality of Client's non-public personal information and account data obtained in connection with this Authorization and shall not disclose such information except (a) to the extent disclosure is necessary to perform repossession, towing, storage or disposition; (b) as required by law, regulation or court order; or (c) to Agent's contractors, attorneys or insurers who are bound by confidentiality obligations. Client consents to Agent retaining records of the repossession transaction for operational and legal compliance purposes.

Indemnity and Insurance

Client shall indemnify, defend and hold harmless Agent, its employees and contractors from and against all claims, liabilities, losses, costs and expenses (including reasonable attorney fees) arising from Client's breach of this Authorization or from inaccuracies in Client's representations regarding ownership, liens or authority to authorize repossession. Agent shall maintain commercial liability insurance in an amount reasonably customary for repossession operators; insurance coverage does not limit Client's indemnification obligations or Agent's right to recover fees.

Disposition of Collateral

If collateral is lawfully taken into possession and not redeemed, Agent may arrange for sale, auction or disposal of collateral consistent with applicable law and with notice to Client as required. Proceeds from disposition will be applied first to costs of repossession, towing, storage and sale, then to outstanding fees and obligations; any surplus will be remitted to the party legally entitled thereto.

Governing Law and Entire Agreement

This Authorization shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. This document contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings and communications, whether written or oral.

Representations and Certifications

Client represents and certifies that Client is the lawful owner or a secured party with full authority to authorize repossession of the collateral described herein, that all information provided to Agent is true and correct, and that there are no known legal impediments that would prevent repossession other than those disclosed to Agent in writing.

Notices

Special Instructions / Exceptions

Acknowledgment

By signing below, the parties acknowledge that they have read, understand and agree to the terms set forth in this Repossession Authorization Form and that the person signing on behalf of Client has the authority to do so.

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