- Contents
Latitude Help
Maintain Repossession Information
Use the Repossession tab in the Automotive panel to maintain vehicle repossession information for the account displayed in the Work Form.
To maintain repossession information
-
In the Reference Panel navigation bar, click Available Panels and then click Automotive.
-
Click the Repossession tab.
Status: Status of the vehicle repossession.
Repossession
Address: Location of the vehicle.
Policy Entity: Insurance agency where the repossession company has an insurance policy.
Date Repo Completed: Date the agency repossessed the vehicle.
Balance at Repossession: Balance due on the loan or lease when the vehicle was repossessed.
Repossession Expenses: Cost of repossessing the vehicle.
Collateral Status
Condition: Condition of the vehicle when the agency repossessed it.
Lease End/Repo: Indicates whether the lease ended or the agency repossessed the vehicle.
Repossession Code: Vehicle factory key code that allows the repossession agency to drive the vehicle away rather than tow it.
Collateral Drivable: If selected, the vehicle was drivable when the agency repossessed it.
Agency Information
Agency Name: Name of the repossession agency.
Agency Phone: Repossession agency's phone number.
Assigned: Repossession agency assignment date.
Redemption
Redemption Date: Last date the customer has to redeem the vehicle.
Redemption Amount: Amount the customer must remit to redeem the vehicle. This amount can include past due amounts, total remainder of the debt, and any fees incurred from the repossession.
Date Released: Vehicle release date to customer.
Redeemed by: Person who redeemed the vehicle.
Released: Method of release.
Storage
Date Into Storage: Repossessed vehicle's storage date.
Storage Location: Storage location of the repossessed vehicle.
Storage Comments: Comments regarding storage of the repossessed vehicle.
Redemption
Repossession Fees: Repossession fees incurred.
Storage Fees: Storage fees incurred.
Key Cut Fee: Fee for having a key made.
Misc Fees: Miscellaneous fees related to the repossession.
Impound Fee: Impound fee incurred.
-
Complete the information and then click Save.