Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1010 - STUDENT LOAN SERVICING RIGHTS ACT
Section 1010.170 - Books and Records
Current through Register Vol. 47, No. 25, June 23, 2023
a) Licensees must maintain a general ledger, maintain a cash receipt and disbursement journal, and reconcile bank accounts at least monthly.
b) Licensees shall maintain, for each student loan serviced, the following information:
c) Each licensee must maintain books and records (see subsections (a) and (b)) at a location designated by the licensee.
Added at 44 Ill. Reg. 16445, effective 10/9/2020.