TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 210 PAYDAY LOAN REFORM ACT
SECTION 210.240 CONSUMER WRITTEN VERIFICATION OF COMPLIANCE WITH ACT
Section 210.240 Consumer Written Verification of Compliance with Act
a) Prior to the implementation of a certified database and in the absence of the availability of a certified database, a consumer written verification form must be completed to verify that a proposed loan agreement is permissible under the Act.
b) The written verification must be in a form approved by the Director.
c) The consumer must complete and sign the form attesting that the consumer understands that the lender making the loan under the Act is relying on the verification to determine whether the loan for which the consumer applied is permissible under the Act.
(Source: Amended at 35 Ill. Reg. 7343, effective April 21, 2011)