California Occupational License
License Title:
Repossession Agency Qualified Manager
Repossession Agency Qualified Manager
Department of Consumer Affairs
Bureau of Security and Investigative Services
Licensing Agency Contact Information:
| Address: | PO Box 989002 West Sacramento, CA 95798 |
| Phone Number: | (916) 322-4000
|
| Fax Number: | (916) 575-7290
|
| E-mail Address: | bsis@dca.ca.gov |
| Internet Address: | http://www.bsis.ca.gov |
License Requirements, Fees, and Examination Information:
A Repossession Agency Qualified Manager is the individual who manages the day-to-day business of a Repossession Agency. A Repossession Agency contracts with a legal owner to locate or recover personal property that has been sold under a security agreement.
Requirements:
Be 18 or older.
Undergo a criminal history background check through the DOJ and the FBI.
Possess a minimum of 1 year of compensated experience in the repossession industry within the past 5 years.
Pass a multiple-choice examination covering the Collateral Recovery Act.
Exams are given by a State contracted company known as PSI. If the individual meets the minimum requirements for admittance to the examination after the application has been reviewed and approved, he/she will receive a letter to contact PSI for scheduling. Exams are given five days a week at 13 different PSI locations within California.
Application and Exam Fee - $325
DOJ Fingerprint Processing Fee - $32
FBI Fingerprint processing Fee - $17
Renewal Fee - $450
The initial license is valid for 1 year. Each renewal cycle extends the registration for an additional 2 years.
Average time to process an application is 30-60 days.
Authority: Business and Professions Code, Chapter 11
Occupations To Which This License Applies:Requirements:
Be 18 or older.
Undergo a criminal history background check through the DOJ and the FBI.
Possess a minimum of 1 year of compensated experience in the repossession industry within the past 5 years.
Pass a multiple-choice examination covering the Collateral Recovery Act.
Exams are given by a State contracted company known as PSI. If the individual meets the minimum requirements for admittance to the examination after the application has been reviewed and approved, he/she will receive a letter to contact PSI for scheduling. Exams are given five days a week at 13 different PSI locations within California.
Application and Exam Fee - $325
DOJ Fingerprint Processing Fee - $32
FBI Fingerprint processing Fee - $17
Renewal Fee - $450
The initial license is valid for 1 year. Each renewal cycle extends the registration for an additional 2 years.
Average time to process an application is 30-60 days.
Authority: Business and Professions Code, Chapter 11
| Occupation Title | SOC Code |
| First-Line Sup/Mgrs of Office and Administrative Support Workers | 431011 |