Ill. Admin. Code tit. 38 § 355.40
Current through Register Vol. 49, No. 1, January 3, 2025
A bank must maintain in its files documentation to support its evaluation of the security for a debt (i.e. appraisal). In addition, a bank must maintain progress reports on its collection efforts, noting and explaining any deviation from the written plan for collection.
Ill. Admin. Code tit. 38, § 355.40