TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 110 CONSUMER INSTALLMENT LOAN ACT
SECTION 110.20 LOAN REGISTER


 

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.

 

(Source:  Amended at 30 Ill. Reg. 12558, effective July 7, 2006)