Ill. Admin. Code tit. 92 § 1480.310

Current through Register Vol. 48, No. 45, November 8, 2024

Section 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.

Ill. Admin. Code tit. 92, § 1480.310