1. Applicant Requirements:
- Be at least 21 years old.
- Have a high school diploma or its equivalent.
- Have a valid driver's license for the past two years.
- Not have a criminal record that would disqualify them from the position.
2. Education and Examination:
- Take and successfully complete a DMV-approved repossessor training course.
- Pass the written exam administered by the DMV.
3. Application and Fees:
- Submit a complete application to the DMV.
- Pay the required fees, which include the application fee and the license fee.
4. Ongoing Requirements:
- Maintain a surety bond of at least $10,000.
- Maintain a physical location for the repossession business.
- Comply with all applicable laws, regulations, and rules related to repossessing motor vehicles.
- Participate in continuing education courses to keep their license active and up-to-date.
Additionally, insurance requirements must also be met, including general liability insurance and automobile liability insurance. It's important to note that specific details and additional requirements may change, so it's recommended to consult the New York State Department of Motor Vehicles for the most up-to-date information.
