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BankersOnline.com Forums State-Specific Compliance Issues Minnesota Repossession Fee
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#2269154 - 04/15/22 01:00 PM Repossession Fee
KeepSmiling Offline
Member
Joined: Jun 2008
Posts: 85
Can we charge a minimum fee for repossession? For example, we go repossess a car. Can we charge a flat $500? Or can we only charge our actual costs?

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#2269155 - 04/15/22 01:13 PM Re: Repossession Fee KeepSmiling
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,599
Galveston, TX
Allowable fees would be a State law issue.
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