Every licensee shall preserve the records of each of its transactions for at least 2 years after making the final entry for that transaction. With the Director's approval, a licensee may maintain these records at a location other than the licensed facility. With the Director's approval, a licensee may contract for servicing of these accounts.
205 ILCS 660/12
Every licensee shall retain such records as are required by the Department
Known as the Sales Finance Agency Act
The act spans §§ 205-660-1 to 205-660-9 (43 sections).
P.A. 90-437, eff. 1-1-98.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.