Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 110 - CONSUMER INSTALLMENT LOAN ACT
Subpart A - GENERAL PROVISIONS
Section 110.260 - Off-Site Records
Current through Register Vol. 48, No. 12, March 22, 2024
With the Director's prior written approval, the licensee may retain records at a location other than the licensed location. The licensee shall make a written request that shall include the following:
a) Address of off-site location.
b) Contact person and telephone number at the off-site location.
c) Statement that all books, records, and account information shall be made available within 72 hours after the Division's request at either the licensed location or the off-site location.
d) At the Director's discretion, the examination may be conducted at either the licensed location or the off-site location.
e) The licensee shall pay for all examination expenses in accordance with Section 10 of the Act.