Responsible Pawnbroker Training Recordkeeping

TITLE 38: FINANCIAL INSTITUTIONS CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION PART 360 LICENSING AND REGULATION OF PAWNBROKERS SECTION 360.830 RESPONSIBLE PAWNBROKER TRAINING RECORDKEEPING Section 360.830  Responsible Pawnbroker Training Recordkeeping a)         A vendor's records shall be maintained electronically and be available for inspection by the Department upon request.  The Department may audit any records held by the responsible pawnbroker at any time. b)         A vendor shall develop recordkeeping policies and procedures consistent with this Part. c)         A vendor shall retain all records for at least five years from the date of creation and shall include, but not be limited to, the following: 1)         Program training materials; 2)         Enrollment rosters and training records for registrants.  Records must include registrants who successfully completed the program and those who did not complete or failed the Program; 3)         Completed program certificates for each successful individual; 4)         Storage and transfer of records.  If a vendor ceases operations due to insolvency, revocation, bankruptcy or for any other reason, all records must be preserved at the expense of the responsible pawnbroker for at least five years in a form and location in Illinois acceptable to the Department.  The provider shall retain the records longer if requested by the Department.  The provider shall notify the Department of the location where the records are stored or transferred. 5)         Approval notifications from the Department; and 6)         All other records, policies, and procedures required by the Act and this Part.