California Repossession Agency
Qualified Manager (RAQ)
Frequently
Asked Questions
1. What are the requirements
for a Repossession Agency Qualified
Manager's certificate?
The general requirements for
Repossession Agency Qualified
Manager are:
* Be at least 18 years old.
* Have the required experience in
the work for which the license is
sought.
* Undergo a criminal history review.
* Must have at least two years of
paid experience totaling not less
than 4,000 hours as an employee of a
licensed California repossession
agency or experience legally
acquired in recovering personal
property sold under a security
agreement while working with a
financial institute or vehicle
dealer.
2. What forms must be included in
the application packet?
* Application for License (Form
31A-4)
* Personal Identification (Form
31A-9)
* Application for Qualification
Certificate (31A-26)
* Certificate in Support of
Experience
* The second copy of the Live Scan
Form (BCII 8016) signed by the Live
Scan operator
* Two recent passport quality
photographs
* Request for Authorization of
Business Name [Form 31A-12, if
applicable]
* Corporate applicants only:
endorsed Articles of Incorporation
or the Statement by a Foreign
Corporations (if filed with the
Secretary of State)
3. Can a qualified manager work
for two different companies?
Yes. The qualified manager must
spend at least 51 percent of normal
work time in control of the business
or at the business location. A
written explanation is required
prior to issuance of the second
license.
4. My Repossession Agency
Qualified Manager certificate (RAQ)
will expire at the end of the month.
I have not received a renewal notice
because my address changed. May I
send in renewal fees with my address
change even though I did not receive
my renewal notice?
Yes. However, you may be assessed a
fine if you did not notify the
Bureau within 30 days of the change
of residence or business address.
5. If my Repossession Agency
Qualified Manager Certificate (RAQ)
expired last year must I reapply for
a new one?
No. A certificate may be renewed up
to three years after the expiration
date. However, you must pay a
delinquency fee along with the
renewal fee. If the expiration date
is more than three years you must
apply for a new certificate.
6. What is the length of term for
a Repossession Agency Qualified
Manager certificate?
A repossession agency qualified
manager license is valid for two
years.
From:
http://www.dca.ca.gov/bsis/repo_qualified_mgr_faq.htm |
