Section 210.250  Gross Monthly Income Verification

Prior to making a loan under the Act, the licensee must obtain from the consumer one or more of the following types of documentation to verify the gross monthly income of the consumer as required by Section 2-5(c) of the Act.

a)         A copy of the consumer's official pay stub or official payroll receipt, for the period 30 days prior to the date on which the loan is made.

b)         A copy of the consumer's official receipt documenting payment of government benefits, for the period 30 days prior to the date on which the loan is made.

c)         Other documentation as approved by the Director.