Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 1480 - COLLATERAL RECOVERY
Subpart N - REMOTE STORAGE LOCATIONS
Section 1480.340 - Ownership of the Remote Storage Locations
Universal Citation: 92 IL Admin Code ยง 1480.340
Current through Register Vol. 48, No. 38, September 20, 2024
The licensed repossession agency must own, or have exclusive possession of under a written lease with a term of at least 1 year, a remote storage location. At the time of filing an application for registration, the following shall be provided:
a) If the property is owned, proof of ownership of the property, including but not limited to mortgage documents, tax bill or a deed; or
b) If the property is leased, a copy of a valid written lease with a term of at least 1 year.
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