NAICS 561491

Overview

The North American Industry Classification System (NAICS) is the federal standard for classifying business establishments to collect, analyze, and publish U.S. economic statistics. NAICS was created under the Office of Management and Budget (OMB) and first adopted in 1997 to replace the Standard Industrial Classification (SIC) system; it was developed jointly by U.S. statistical authorities, Statistics Canada, and Mexico’s statistics office to support cross‑border comparability in business statistics. (census.gov)

NAICS 561491 — Repossession Services covers businesses that recover tangible collateral for creditors (for example, automobiles, boats, equipment, planes, furniture, and appliances) as a result of delinquent debts. Application to federal IT or mission work is limited and not specified by official sources; repossession services are primarily an asset‑recovery/physical‑property function rather than an IT/mission service. (census.gov)

What this NAICS covers

• Repossession of motor vehicles.
• Recovery of boats and watercraft.
• Recovery of aircraft and aviation equipment.
• Recovery of heavy equipment and industrial machinery.
• Repossession of household goods and appliances.
• Collateral recovery performed on behalf of a creditor following delinquent debt.

Related NAICS and PSC codes

• 561440 (Collection Agencies). (Closely related business support activity.) (census.gov)
• 488410 (Motor Vehicle Towing). (Support activity commonly associated with vehicle recovery and transport.) (census.gov)
• 561499 (All Other Business Support Services). (Catch‑all for related support services not elsewhere classified.) (census.gov)
• PSC R499 (Support — Professional: Other). (PSC commonly used for miscellaneous professional/support service procurements in FPDS records.) (fpds.gov)

Common contract vehicles and acquisition approaches

• Reported and tracked in federal procurement systems using NAICS and PSC codes; contracting offices may use indefinite‑delivery instruments (IDVs), blanket purchase agreements (BPAs), task/delivery orders, or purchase orders depending on scope and frequency. (login.acquisition.gov)
• Agencies and contracting officers select the PSC that best describes the predominant service; FPDS guidance describes PSC usage and reporting obligations. (fpds.gov)

Compliance and security considerations (when applicable)

Not specified