Repossession Services
This U.S. industry comprises establishments primarily engaged in repossessing tangible assets (e.g., automobiles, boats, equipment, planes, furniture, appliances) for the creditor as a result of delinquent debts. Cross-References. Establishments primarily engaged in--Show more
NAICS 561491 – Repossession Services encompasses the specialized contractual activities involved in the lawful recovery and handling of collateralized assets, typically vehicles, equipment, or other property, after default on a loan or lease agreement. This sector supports government entities that manage or guarantee secured loans, such as those issued through federal lending programs or military housing initiatives.
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