§ 460.265

Ill. Admin. Code tit. 14, § 460.265

Maintaining Books and Records

Effective Jun 6, 198610 Ill. Reg. 10957AUTHORITY: Implementing and authorized by the Consumer Fraud and Deceptive Business Practices Act (Ill. Rev. Stat. 1985, ch. 121½, par. 261 et seq.), specifically Section 4 thereof (Ill. Rev. Stat. 1985, ch. 121½, par. 264).ATTORNEY GENERAL

a) Fails to maintain a record of each buyers club contract for a period of 3 years following the expiration of the contract.
b) Fails to maintain a record of each club merchandise order for a period of 1 year following the disposition of the club merchandise order.

A buyers club engages in an unfair or deceptive act or practice if it:

(Source: Renumbered from Section 460.460 and amended at 10 Ill. Reg. 10957, effective June 6, 1986)