Section 110.20  Loan Register

a)         The loan register shall contain the original entry and shall be a permanent record, and shall show for every loan the account number, date of loan, amount of loan, name of obligor, nature of security by types, amount of fees, cost and type of any insurance, and amount of the note, including precomputed interest, the simple interest rate contracted for or amount of precomputed interest.

b)         The loan register shall be kept numerically by number of loans in order made and shall have headings for each of the items required.

c)         Loan Registers shall be maintained in a form accessible to the Department and a licensee may maintain these files in any medium or format which accurately reproduces original documents or papers.

(Source:  Amended at 47 Ill. Reg. 9271, effective June 20, 2023)