Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 1480 - COLLATERAL RECOVERY
Subpart N - REMOTE STORAGE LOCATIONS
Section 1480.330 - Security of the Remote Storage Locations

Universal Citation: 92 IL Admin Code ยง 1480.330

Current through Register Vol. 48, No. 38, September 20, 2024

a) Each remote storage location shall be a secure building or have a perimeter that is secured by a fence with locking gates that make the area not accessible to the public and prevent unauthorized access to repossessed collateral. All gates shall remain locked at all times but may be temporarily opened to allow for authorized access.

b) Only persons employed by the repossession agency and agents of the repossession agency shall have access to repossessed collateral while it is being stored by the repossession agency at a remote storage location.

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