§1480.310. Compliance Inspection

A compliance inspection shall be conducted by Commission staff prior to issuance of a license. The inspection shall include, but not be limited to, a review of:

 

a)         Physical characteristics of the secured storage facility, including but not limited to the size, location and overall condition of the facility;

 

b)         Types of repossessed collateral and personal property stored;

 

c)         Proper storage of repossessed collateral and personal property;

 

d)         Proper posting of signs;

 

e)         Method of protection from fire;

 

f)         Method of protection from theft or burglary;

 

g)         Method of protection from potential damage to the stored repossessed collateral and personal property by vermin, insects or water;

 

h)         Proper documentation of the repossessed collateral being stored; and

 

i)          Proper inventory of personal property removed from repossessed collateral.