Ill. Admin. Code tit. 92 § 1480.340

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

Section 1480.340 - Ownership of the Remote Storage Locations

The licensed repossession agency must own, or have exclusive possession of under a written lease with a term of at least 1 year, a remote storage location. At the time of filing an application for registration, the following shall be provided:

a) If the property is owned, proof of ownership of the property, including but not limited to mortgage documents, tax bill or a deed; or

b) If the property is leased, a copy of a valid written lease with a term of at least 1 year.

Ill. Admin. Code tit. 92, § 1480.340