92 Ill. Adm. Code 1480.310

Compliance Inspection

Year: 2026Length: 130 wordsOfficial source
Section 1480.310  Compliance Inspection A compliance inspection shall be conducted by Commission staff prior to issuance of a license. The inspection shall include, but not be limited to, a review of: a)         Physical characteristics of the secured storage facility, including but not limited to the size, location and overall condition of the facility; b)         Types of repossessed collateral and personal property stored; c)         Proper storage of repossessed collateral and personal property; d)         Proper posting of signs; e)         Method of protection from fire; f)         Method of protection from theft or burglary; g)         Method of protection from potential damage to the stored repossessed collateral and personal property by vermin, insects or water; h)         Proper documentation of the repossessed collateral being stored; and i)          Proper inventory of personal property removed from repossessed collateral.
92 Ill. Adm. Code 1480.310: Compliance Inspection | Justis AI