Ill. Admin. Code tit. 50, § 8100.1722 – General Books | Midpage
§ 8100.1722
Ill. Admin. Code tit. 50, § 8100.1722
General Books
AUTHORITY: Implementing and authorized by the Title Insurance Act [215 ILCS 155].DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
a) general ledger reflecting the assets, liabilities, capital, income and expense of the business, in accordance with generally accepted accounting principles (Accounting Standards of the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (1989)); and
b) cash receipt and disbursement journals.
An independent escrowee shall establish and maintain current the following books with reference to its general accounts: