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Florida Department of Agriculture and Consumer Services

Recovery and Repossession Licenses

Laws and Regulations

Chapter 493, Florida Statutes

The Florida Department of Agriculture and Consumer Services (FDACS) licenses and regulates the recovery and repossession industry in Florida in accordance with Chapter 493, Florida Statutes.

Exemptions

Those who are considered exempt from licensing include:

  • Any bank or bank holding company, credit union, or small loan company operating pursuant to chapters 516 and 520, Florida Statutes.
  • Any consumer credit reporting agency regulated under Title 15, Section 1681, United States Code.
  • Any collection agency not engaged in repossessions, or any permanent employee of such an agency.

License Classifications

For Individuals

License Type

Classification

Explanation

How to Apply

Recovery Agent

Class "E"

Any individual who performs the services of a recovery agent must have a Class “E” license.

How to Apply

Recovery Agent Intern

Class "EE"

Any individual who performs repossession as an intern under the direction and control of a designated, sponsoring Class “E” licensee or a designated, sponsoring Class “MR” licensee must have a Class “EE” license.

How to Apply

Manager of a Recovery Agency

Class "MR"

A Class “R” recovery agency or Class “RR” branch office must have a Class "MR" licensed manager.

How to Apply

Recovery Agent Instructor

Class "RI"

Any person who provides instruction to applicants for Class “E" or Class "EE" licensure must have a Class “RI” license.

How to Apply

For Agencies

License Type

Classification 

Explanation

How to Apply

Recovery Agency (Main Office)

Class "R"

Any person, firm, company, partnership, or corporation that engages in business as a recovery agency must have a Class “R” license. A Class “R” license is valid for only one location.

How to Apply

Recovery Agency Branch Office

Class "RR"

Each branch office of a Class “R” agency must have a Class “RR” license.

How to Apply

For Schools

License Type

Classification

Explanation

How to Apply

Recovery Agent School or Training Facility

Class "RS"

Any school that provides instruction to applicants for Class “E” or Class "EE" licensure must have a Class “RS” license.

How to Apply

Recovery and Repossession and Firearms

Licensed recovery agents and recovery agent interns are prohibited from carrying firearms while on private property and in the course of repossession activities. This is prohibited even if the licensee possesses a concealed weapon or firearm license or a Class "G" Statewide Firearm License by virtue of other licensure as a security officer or private investigator.