Illinois Compiled Statutes 205 ILCS 660 Sales Finance Agency Act. Section 12

    (205 ILCS 660/12) (from Ch. 17, par. 5230)

    Sec. 12. Every licensee shall retain such records as are required by the Department. Every licensee shall preserve the records of each of its transactions for at least 2 years after making the final entry for that transaction.

    With the Director's approval, a licensee may maintain these records at a location other than the licensed facility.

    With the Director's approval, a licensee may contract for servicing of these accounts.

(Source: P.A. 90-437, eff. 1-1-98.)

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Last modified: February 18, 2015