Ill. Admin. Code tit. 92 § 1480.330

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

Section 1480.330 - Security of the Remote Storage Locations

a) Each remote storage location shall be a secure building or have a perimeter that is secured by a fence with locking gates that make the area not accessible to the public and prevent unauthorized access to repossessed collateral. All gates shall remain locked at all times but may be temporarily opened to allow for authorized access.

b) Only persons employed by the repossession agency and agents of the repossession agency shall have access to repossessed collateral while it is being stored by the repossession agency at a remote storage location.

Ill. Admin. Code tit. 92, § 1480.330

Amended at 38 Ill. Reg. 5821, effective March 14, 2014