Ill. Admin. Code tit. 38 § 355.30

Current through Register Vol. 48, No. 50, December 13, 2024

Section 355.30 - Plan for Collection

A bank must have a written plan for collection of a debt setting forth the following:

a) the reason for the selected method of collection;

b) the procedures the bank must follow to effect the collection; and

c) the expected date of repayment of the debt.

Ill. Admin. Code tit. 38, § 355.30