Section 1480.380  Compliance Inspection

A compliance inspection shall be conducted by the Commission staff prior to issuance of a registration. The inspection shall include, but not be limited to, a review of:

a)         Physical characteristics of the remote storage location, including but not limited to the size, location and overall condition of the remote storage;

b)         Types of repossessed collateral stored;

c)         Proper storage of repossessed collateral;

d)         Method of protection from fire;

e)         Method of protection from theft or burglary;

f)         Method of protection from potential damage to the stored repossessed collateral by vermin, insects or water; and

g)         Proper documentation of the repossessed collateral being stored.

(Source:  Amended at 38 Ill. Reg. 5821, effective March 14, 2014)