Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 145 - DEBT SETTLEMENT CONSUMER PROTECTION ACT
Section 145.120 - Receipts
Universal Citation: 38 IL Admin Code ยง 145.120
Current through Register Vol. 48, No. 12, March 22, 2024
a) The receipt that a debt settlement provider issues shall include the following:
1) The name and address or other identifying
information of the individual who submits the payment to the
provider;
2) The amount of money
received and the form of payment (cash, check number, money order,
etc.);
3) The date the money was
received by the provider;
4) The
representative of the provider who accepted the payment; and
5) A transaction or confirmation number that
can be matched with the office record of the provider.
b) A debt settlement provider shall not charge a fee for issuing any receipt.
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