TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL INSTITUTIONS
PART 160 SALES FINANCE AGENCY ACT
SECTION 160.120 LEGAL FORMS


 

Section 160.120  Legal Forms

 

a)         All forms of contracts and assignments of wages furnished by the licensee to a retail seller in connection with a regulated transaction under the Sales Finance Agency Act are required to be submitted to the Department.  Where the licensee or affiliate is engaged in the same business and licensed by this Department to engage in such business in another location, the use of identical forms in the new location is not required to be submitted to the Department.  Notice of intent to use identical forms (change of name excepted) should be provided the Department by the licensees.

 

b)         Should the licensees at any time following submission of the forms modify the forms, the forms as modified shall be submitted to the Department.

 

(Source:  Amended at 22 Ill. Reg. 13699, effective July 14, 1998)