Repossession Services
Key Figures
Figures are published for NAICS 561491 directly.
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Official definition
This U.S. industry comprises establishments primarily engaged in repossessing tangible assets (e.g., automobiles, boats, equipment, planes, furniture, appliances) for the creditor as a result of delinquent debts.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Repossession services comprise establishments that recover tangible assets such as automobiles, boats, equipment, or furniture on behalf of creditors when debtors have defaulted on their obligations. This activity is distinct from court reporting services, which provide verbatim transcription of legal proceedings, and from other business support services such as fundraising or mail presorting, which do not involve asset recovery.