Florida recovery licensing structure
FDACS identifies a Class “R” license for recovery agencies, a Class “MR” license for recovery agency managers and a Class “E” license for individuals performing recovery-agent services. Branch offices have separate Class “RR” requirements. Clients should verify the agency and personnel relevant to their assignment through current official records rather than relying on an undated badge or marketing statement.
Ask the assignment desk for the identifying information needed to complete that verification for a specific file.
Compliance begins with a clear assignment
A well-documented file identifies the creditor, debtor, default, collateral and recovery authority. Field activity must avoid a breach of the peace. Controlled access, an objection, disputed ownership or uncertainty about the assigned unit can require the attempt to stop and return for client review. The right operational response is not to force a result.
Commercial property, marinas, storage facilities and job sites may also have independent access and release procedures that must be addressed.
Lender due-diligence checklist
| Review item | What to verify |
|---|---|
| Agency status | Current Florida recovery agency record and correct operating identity. |
| Assignment authority | Complete lien, contract and default documents for the specified collateral. |
| Insurance and vendor requirements | Current evidence required by the client’s own program. |
| Data handling | Approved method for borrower and account information. |
| Reporting and release | Condition records, updates, storage and post-recovery authorization. |
Official resources
- FDACS Recovery and Repossession Licenses
- FDACS Licensee Search
- Class R Recovery Agency Requirements
- Class E Recovery Agent Requirements
This summary is informational and is not legal advice. Official requirements and records control.