TITLE 92: TRANSPORTATION
CHAPTER III: ILLINOIS COMMERCE COMMISSION
SUBCHAPTER b: MOTOR CARRIERS OF PROPERTY
PART 1480 COLLATERAL RECOVERY
SECTION 1480.180 GENERALLY


 

Section 1480.180  Generally

 

a)         Recovery tickets shall be completed on forms and contain the information prescribed by the Commission.

 

b)         Recovery tickets shall remain attached to the repossessed collateral until any of the following occur:

 

1)         Collateral is returned to the debtor;

 

2)         Collateral is returned to the lien holder;  or

 

3)         Collateral is sold.

 

c)         Unused recovery tickets shall be returned to the Commission via United States mail or hand delivery at the following address:

 

Illinois Commerce Commission

Transportation Division

527 East Capitol Avenue

Springfield, Illinois 62701