Ill. Admin. Code tit. 38, § 210.50 – Cash Book | Midpage
§ 210.50
Ill. Admin. Code tit. 38, § 210.50
Cash Book
AUTHORITY: Implementing and authorized by the Payday Loan Reform Act [815 ILCS 122].DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
a) All receipts and disbursements of any amount whatsoever shall be entered on the day they occur in the cash book or equivalent record. Separate headings shall be provided for payments on principal and for fees collected from consumers.
b) The cash book shall be a permanent record of all details of income and disbursements, including all entries to individual accounts of borrowers.