Illinois Compiled Statutes 225 ILCS 422/15 – Powers of the Commission
Current as of: 2024 | Check for updates
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(a) The Commission shall regulate repossession agencies and their employees, managers or agents in accordance with this Act, and to that end may establish reasonable requirements with respect to proper service and practices relating thereto.
(b) The Commission shall have the following powers:
(1) To require that all employees, agents, or other
(b) The Commission shall have the following powers:
Terms Used In Illinois Compiled Statutes 225 ILCS 422/15
- Personal property: All property that is not real property.
(1) To require that all employees, agents, or other
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personnel used in repossession be employees, agents, or personnel of a licensed repossession agency.
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(2) To adopt reasonable and proper rules covering the
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exercise of powers conferred upon it by this Act, and reasonable rules governing investigations, hearings, and proceedings under this Act.
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(3) To adopt appropriate rules setting forth the
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standards and procedures by which it will administer and enforce this Act.
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(4) To create special procedures for the receipt and
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handling of consumer complaints.
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(5) To employ such persons as are needed to
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administer and enforce this Act, in such capacities as they are needed, whether as hearing examiners, special examiners, enforcement officers, investigators, or otherwise.
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(c) The staff of the Commission shall have full power and authority in the performance of their official duties to enter into or upon any place, building, or premises of any repossession agency location or branch office location at any reasonable time for the purpose of inspecting such agency operating under this Act. The Commission shall not set pricing fees for repossessions, personal property storage, skip tracing, or other related services provided by repossession agencies to their clients.