Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 110 - CONSUMER INSTALLMENT LOAN ACT
Subpart A - GENERAL PROVISIONS
Section 110.10 - Record Keeping
Universal Citation: 38 IL Admin Code ยง 110.10
Current through Register Vol. 48, No. 12, March 22, 2024
a) Every licensee shall keep the following records at the licensed location in any medium or format that accurately reproduces original documents or papers:
1) Loan register.
2) Individual account records, including
transaction histories of obligors.
3) File of all original papers.
4) Cash book.
5) Alphabetical record of all co-makers,
obligors, or sureties.
6) Permanent
file.
b) Records for loans made under the Act shall be kept separate or readily identifiable from other types of business conducted in the office.
c) Electronic data processing, combination forms and special office systems may be used if in accordance with standard accounting procedures and if they contain the information enumerated in subsection (a).
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