Ill. Admin. Code tit. 92, pt. 1480

Collateral Recovery

AUTHORITY: Implementing and authorized by Sections 15, 20, 37, 45, 50, 80 and 135 of the Collateral Recovery Act [225 ILCS 422]. SOURCE: Adopted at 36 Ill. Reg. 8252, effective June 1, 2012; amended at 38 Ill. Reg. 5821, effective March 14, 2014.ILLINOIS COMMERCE COMMISSION

1480.10Definitions 1480.20Repossession Agency Licensure 1480.25Licensed Recovery Manager in Control or Management of Repossession Agency Main Office or Branch Office 1480.30Repossession Agency License Transfer 1480.35Repossession Agency Branch Office Licensure 1480.40Recovery Manager Licensure 1480.50Recovery Permits 1480.60Conversion of Class "EE" Recovery Permit to Class "E" Recovery Permit 1480.61Consideration of Past Crimes in Licensing Hearings 1480.70Replacement or Revision of a License, Recovery Permit or Registration 1480.80Return of Revoked or Suspended Licenses, Recovery Permits or Registrations 1480.90Renewal of Licenses and Recovery Permits 1480.100Restoration of Licenses and Recovery Permits 1480.110Reinstatement of Licenses, Recovery Permits or Registrations 1480.120Resuming an Inactive License or Recovery Permit to Active Status 1480.130License Extension upon the Death of a Person Licensed Individually 1480.140License Extension upon the Death or Disassociation of Partner 1480.145License Extension upon Death of a Shareholder of a Corporation or a Member of a Limited Liability Company 1480.146Exception to Revocation of an Extended License 1480.150Registration Procedures 1480.160Applications for Commission Approval of Recovery Manager Certification Programs 1480.170Applications for Commission Approval of Repossession Agency Employee Certification Programs 1480.180Generally 1480.190Accounting and Maintenance of Books and Records 1480.200Audit and Inspection of Books and Records 1480.210Annual Report Filing 1480.220Licenses Conditioned upon Compliance with Insurance Requirements 1480.230Proof of Insurance 1480.240Notification to the Debtor 1480.250Posting Requirements 1480.260Security of Secured Storage Facilities 1480.270Ownership 1480.280Identification of Offices and Secured Storage Facilities 1480.290Maintenance of Records 1480.300Storage of Non-Collateral Property 1480.310Compliance Inspection 1480.320Registering Remote Storage Locations 1480.330Security of the Remote Storage Locations 1480.340Ownership of the Remote Storage Locations 1480.350Location and Purpose 1480.370Maintenance of Records 1480.380Compliance Inspection 1480.390Disciplinary Actions with Respect to Repossession Agency License Holders 1480.391Suspension or Revocation of Remote Storage Location Registrations 1480.392Special Revocation Procedures 1480.393Consideration of Past Crimes in Disciplinary Hearings 1480.400Vehicle Identification Requirement (Repealed)1480.410Responsibility and Liability 1480.415Notification to Law Enforcement Prior to Repossession 1480.416Notification to Law Enforcement Following Repossession 1480.417Record of Notifications Made to Law Enforcement 1480.418Notification of Conviction to the Commission 1480.420Enforcement of the Act (Repealed)1480.430Enforcement Proceedings and Imposition of Sanctions 1480.440Informal Settlement in Lieu of Formal Proceeding 1480.450Initiation of Operating Practices Proceeding 1480.460Failure to Appear at Hearing 1480.470Service of Order 1480.480Standards for the Assessment of Civil Penalties 1480.490Payment of Civil Penalties 1480.500Standards 1480.510Time and Conditions of Probation 1480.520Termination of Probation 1480.530Administrative Citations 1480.540Fees