Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 160 - SALES FINANCE AGENCY ACT
Subpart A - GENERAL PROVISIONS
Section 160.260 - Off-site Records

Universal Citation: 38 IL Admin Code ยง 160.260

Current through Register Vol. 48, No. 12, March 22, 2024

Upon prior written approval of the Director a licensee may retain physical records at a location other than the licensed facility. A request for the Director's approval shall be in writing and include the following:

a) Address of proposed off-site location.

b) Contact person and telephone number at the proposed off-site location.

c) Statement that all books, records and account information will be made available within 72 hours after the Department's request at either the licensed facility or the off-site location.

d) A statement that, at the Director's discretion, an examination may be conducted at either the licensed facility or the off-site facility.

e) A statement that the licensee shall pay for all examination expenses under Section 7 of the Act.

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