Illinois Administrative Code (Last Updated: February 21, 2024) |
TITLE38. FINANCIAL INSTITUTIONS |
PART1010. STUDENT LOAN SERVICING RIGHTS ACT |
§1010.180. Record Retention
Latest version.
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Licensees must maintain all applicable records required by the Act and this Part for a minimum of 3 years after a serviced loan has been paid in full or assigned to collection, or the servicing rights have been sold, assigned, or transferred, unless prohibited by contract with the lender.