AUTHORIZATION TO REPOSSESS & HOLD HARMLESS
TO: Basic Investigation & Recovery Phone: (208) 685-9617 Phone: (208) 631-2281
This is your authorization to repossess, impound and transport across state lines the
above described collateral which is covered by a defaulted installment contract or lease agreement.
We name Basic Investigation & Recovery as our exclusive agents for repossessing the above described collateral.
This means that any agent we have previously engaged is no longer authorized to repossess this collateral unless they are subsequently authorized to do so by Basic Investigation & Recovery.
We agree to indemnify, defend, and save you harmless from and against any and all claims, losses and actions, except for your unauthorized efforts and/or actions which may be acts of our company, its officers, employees or agents. We understand that Basic Investigation & Recovery is bound by the laws of the State of Idaho, and it’s services are rendered subject to the jurisdiction of the laws of that state.
Should the collateral be found with repair charges and or storage charges incurred in such an amount that they exceed our estimate of the value of the collateral, Basic Investigation & Recovery's fee will never exceed the salvage value of the collateral or we will tender a negotiable title to the collateral in lieu of your fees. I understand that I will be charged a percentage of the collateral value for skip tracing. I also understand this is a contingent repossession and I will not be charged unless the collateral is repossessed. We will pay a $200.00 closeout fee if we cancel this repo assignment prior to the 90 days.
We also agree that if the debtor or his agent(s) should surrender the collateral to anyone else during the term of this agreement it will be deemed to have been repossessed by Basic Investigation & Recovery. Anyone else is understood to mean but is not limited to, body shops, police impound lots, other repossessors or to any facility under our direct or indirect control. Your special immediate efforts will be appreciated.
COLLATERAL DESCRIPTION: YR. _____ MAKE ________ MODEL ________ COLOR ________
VIN: _________________________________
KEY CODES:_____________________________
DEBTOR/LESSEES NAME: ________________________________________________________
DEBTOR SSN:__________________________________________________________
DATE: ___________ MONTHLY PAYMENT ___________ OUTSTANDING BAL: _______________
YOUR SIGNATURE __________________________ COMPANY NAME _____________________
CONTACT NAME: ________________________________________________________________
ADDRESS: _____________________________________________________________________
PHONE NUMBER: ____________________ FAX NUMBER:__________________