Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE92. TRANSPORTATION |
PART1480. COLLATERAL RECOVERY |
SUBPARTN. REMOTE STORAGE LOCATIONS |
§1480.380. Compliance Inspection
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A compliance inspection shall be conducted by the Commission staff prior to issuance of a registration. The inspection shall include, but not be limited to, a review of:
a) Physical characteristics of the remote storage location, including but not limited to the size, location and overall condition of the remote storage;
b) Types of repossessed collateral stored;
c) Proper storage of repossessed collateral;
d) Method of protection from fire;
e) Method of protection from theft or burglary;
f) Method of protection from potential damage to the stored repossessed collateral by vermin, insects or water; and
g) Proper documentation of the repossessed collateral being stored.
(Source: Amended at 38 Ill. Reg. 5821, effective March 14, 2014)