Small Engine Troubleshooting Problems? Ask a Mechanic Now.
Welcome to JUST ANSWER small engines, let me try to help you !! I don't know it all, but maybe together we can get you a satisfactory answer!
There is no adjustment. Likely the shaft from steering column has moved up, and the gear is not mating the sector. The sector housing may be bent, but they have to be in alignment See parts picture in link below.