Ill. Admin. Code tit. 38, § 145.30 – Bank Account, If Applicable | Midpage
§ 145.30
Ill. Admin. Code tit. 38, § 145.30
Bank Account, If Applicable
AUTHORITY: Implementing and authorized by the Debt Settlement Consumer Protection Act [225 ILCS 429].DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
a) Trust account bank statements and cancelled checks shall be retained at the office of the debt settlement provider for a period of 3 years.
b) Copies of the original trust account bank statement and canceled checks, in hard copy, microfilm or microfiche, or by other electronic means, shall be kept at the office of the debt settlement provider, at debt settlement provider's headquarters, or at an off-site storage facility for a period of 5 years.