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Court of Appeals (Mich.) Finds No Licensing Violation for Auto Lenders who Hire Repossession Assignment “Forwarders” — A Repossession Company Who Acts as a General Contractor to Hire Local, Licensed Repossession Companies

by Scott J. Hyman |

In Badeen v. Par, Inc., --- N.W.2d ----, 2013 WL 1489372 (Mich.App. 2013), the Michigan Court of Appeals found that auto finance lenders’ practice of hiring a single, general repossession contractor (a “forwarder”) who forwards assignments to local, licensed repossession agents did not trigger Michigan’s debt collection licensing statutes for the forwarder. Plaintiff George Badeen, a licensed collection agency manager,… Read More