No More RTO Pet Repossessions In CA

New Year, New Laws. Under AB1491, pricey dogs and cats can no longer be financed through rent-to-own agreements. California will ban the financing method after people complained that they did not understand that they were renting the pet, which was subject to repossession if the loan was not paid back. Sorry folks. That gravy train…

Illinois Collateral Recovery Exceptions (SB 1834)

Don’t forget that January 01, 2018 not only rings in the New Year, it also is the day that forwarders working accounts in Illinois get a pass as Illinois Collateral Recovery Exceptions (SB 1834) takes effect.   Exemptions to Collateral Recovery Act (SB 1834/PA 100-0102): Clarifies existing law and expressly provides two exemptions from the Illinois Collateral…

Welcome To Hide And Seek Recovery

Welcome to Repo Buzz’s newest advertiser! Hide and Seek Recovery is located in Carrollton, Texas and services Dallas Fort-Worth. Our mission is to provide our clientele quick, efficient, and safe recovery of their assets, while adhering to Federal, State, and Local laws concerning repo.  Our utilization of the latest repo investigative techniques, state of the art…

PA ALPR Bill Moves Forward

An effort at the Pennsylvania statehouse to put into place restrictions on the state’s use of automated license plate readers has taken the first step toward passage. The practice of tracking drivers’ movements through automated license plate readers, or ALPRs, has the attention of state officials in Pennsylvania and around the country. The devices are…

Recovery Agency Booted Out By Zoning Commission

ROXBURY, NJ – Gotcha Recovery and Transport, an auto repossession business that’s operated in Port Morris for 18 months, was told Monday it’s gotta leave. The company’s request for a zoning variance, which would have allowed it to stay at the 210 Center Street site it leases, was rejected 5-2 by the Roxbury Zoning Board. The…

Subprime Shrinks In Q3 Auto Loans

The share of subprime and deep subprime new-vehicle loan originations in the third quarter hit its lowest level since 2012, while prime and super prime loans continued to make up nearly three-quarters of the market, according to Experian’s latest State of the Automotive Finance Market report, released Thursday. Subprime and deep subprime new-vehicle loan originations made…