Florida Department of Agriculture and Consumer Services

Recovery and Repossession

The Department of Agriculture and Consumer Services, Division of Licensing, licenses and regulates the recovery industry in accordance with Chapter 493, Florida Statutes. Recovery agents and recovery agencies serve in positions of trust. Untrained and unlicensed persons or businesses or persons not of good moral character are a threat to the public safety and welfare. The recovery industry is regulated to ensure the interests of the public are adequately served and protected. This information has been made available to inform Florida citizens about licensing requirements.

"Recovery agent" means any individual or agency who, for consideration, advertises as providing or performs repossessions as described below. These individuals and agencies must be licensed.

"Repossession" means the recovery of a motor vehicle as defined under s. 320.01(1), a mobile home as defined in s. 320.01(2), a motorboat as defined under s. 327.02, an aircraft as defined in s. 330.27(1), a personal watercraft as defined in s. 327.02, an all-terrain vehicle as defined in s. 316.2074, farm equipment as defined under s. 686.402, or industrial equipment, by an individual who is authorized by the legal owner, lienholder, or lessor to recover, or to collect money payment in lieu of recovery of, that which has been sold or leased under a security agreement that contains a repossession clause. As used in this subsection, the term "industrial equipment" includes, but is not limited to, tractors, road rollers, cranes, forklifts, backhoes, and bulldozers. The term "industrial equipment" also includes other vehicles that are propelled by power other than muscular power and that are used in the manufacture of goods or used in the provision of services. A repossession is complete when a licensed recovery agent is in control, custody, and possession of such repossessed property.