How to Vet a Licensed Repossession Company in Texas

Your recovery vendor acts on your behalf in the field. This checklist covers the licensing, insurance, and reporting standards a Texas agency should meet before it touches your accounts. ## Vendor Risk Is Your Risk When a recovery goes wrong, the claim usually names the lender alongside the agency. That makes vendor due diligence a compliance function, not a purchasing formality. Start with active state licensing for both the company and its individual agents, then verify general liability, garage keepers, wrongful repossession, and on-hook coverage with current certificates. From there, look at operations: written breach-of-peace policy, background-checked field staff, bonded and insured storage, personal property handling procedures, and a documented condition report standard. Ask how status updates are delivered and how fast closing documentation arrives, because that is what your audit file depends on. A professional agency will provide all four without hesitation. Any pushback is your answer. ## Four Things to Request in Writing Company and individual agent credentials Current certificates naming your institution Breach of peace and personal property procedures ## How to Run the Vetting Process An actual condition report and closing package Confirm licensing status directly with the state and match names on the certificates to the agents who will work your files. Tour the storage yard, review written field policy, and confirm how personal property is logged and released. Assign a small group of accounts and measure days-to-recovery, close ratio, and documentation quality before scaling. **Key Points:** - Active licensing and bonding - Documented reporting turnaround - Insured storage and transport - Verified coverage area **Topics Covered:** - License - Insurance - Policies - Sample Report - Verify Credentials - Audit Operations - Start With a Test Batch ## About PRG Asset Recovery & Holdings LLC **Company:** PRG Asset Recovery & Holdings LLC **Phone:** (210) 745-0964 **Email:** repos@theprg.org **Service Area:** San Antonio, Austin, and throughout Texas **Licensing:** Texas licensed, bonded, and insured recovery agency **Website:** https://prgassetrecovery.com/how-to-vet-a-licensed-repossession-company-texas