Ill. Admin. Code tit. 92 § 1480.380

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

Section 1480.380 - Compliance Inspection

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.

Ill. Admin. Code tit. 92, § 1480.380

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