- Joined
- Sep 22, 2021
Very true. But working in the repossession biz the bank couldn’t just yank cars the second someone bounced a payment. There are a lot of legal stops along the way, even if some of them are just rubber stamping.There is a process for pulling operating authority. It's there to get rid of sketchy fly-by-night operations.
You need a lot of registrations, permitting, licenses, tax agreements, use taxes, insurance, lease agreements, and bonding to operate a commercial vehicle. I carry a three-ring binder full of paperwork that I have to show to law enforcement on demand to prove everything is kosher.
They aren't cars.
The process could be done pretty quickly in certain circumstances but there were still notices and cure periods to let people fix their problems and make the finance co prove they were legally able to do what they were about to do.
I just assume the permit revocations etc need a certain amount of paper trail, in which case some clerks just put in some OT.