Section 1480.340  Ownership of the Remote Storage Locations

The licensed repossession agency must own, or have exclusive possession of under a written lease with a term of at least 1 year, a remote storage location.  At the time of filing an application for registration, the following shall be provided:

a)         If the property is owned, proof of ownership of the property, including but not limited to mortgage documents, tax bill or a deed; or

b)         If the property is leased, a copy of a valid written lease with a term of at least 1 year.