To: Nationwide Repo · Phone: 1-800-425-5075 · Email: [email protected]
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 Nationwide Repo as our exclusive agent for repossessing the collateral described above. Any agent previously engaged is no longer authorized to repossess this collateral unless subsequently authorized by Nationwide Repo.
We agree to indemnify, defend and save Nationwide Repo harmless from and against claims, losses and actions, except for unauthorized efforts or actions that may be acts of our company, its officers, employees or agents.
We understand that Nationwide Repo, under its corporate charter, is bound by the laws of the State of Ohio and its services are rendered subject to the jurisdiction of the laws of that state.
If the collateral is found with repair or storage charges exceeding our estimate of its value, Nationwide Repo’s fee will never exceed the collateral’s salvage value, or we will tender a negotiable title to the collateral in lieu of fees.
I understand that I will be charged ten to twenty percent of the collateral value as a contingent fee and will not be charged unless the collateral is repossessed, as described at nationwide-repo.com/p/.
We will pay a $200 closeout fee if we cancel this repossession assignment before 90 days. If the debtor or the debtor’s agent surrenders the collateral to anyone else during the term of this agreement, it will be deemed repossessed by Nationwide Repo. “Anyone else” includes body shops, police impound lots, other repossessors, or any facility under our direct or indirect control.