Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 355 - STATUTORY BAD DEBTS
Section 355.30 - Plan for Collection
Universal Citation: 38 IL Admin Code ยง 355.30
Current through Register Vol. 47, No. 52, December 29, 2023
A bank must have a written plan for collection of a debt setting forth the following:
a) the reason for the selected method of collection;
b) the procedures the bank must follow to effect the collection; and
c) the expected date of repayment of the debt.
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