Collateral Recovery

Effective July 1, 2012, the Collateral Recovery Act, 225 ILCS 422/1 et seq. became law. The purpose of the Act is to regulate individuals and entities engaged in the business of collateral recovery in the State of Illinois. The Act gives the Illinois Commerce Commission the power to regulate repossession agencies and their employees, managers or agents in accordance with the Act, and among other things, establish reasonable requirements with respect to their business practices. In addition to the Collateral Recovery Act, the Illinois Commerce Commission has adopted Administrative Rules, 92 Ill. Adm. Code 1480.10 et seq., which became effective June 1, 2012.

Recovery Tickets Available at Commission’s office in Des Plaines

Recovery Tickets can now be purchased at the Commission’s office located in Des Plaines at 9511 West Harrison. Collateral recovery ticket may be purchased, at the Des Plaines office, by appointment only, which will be scheduled between 9:00 a.m.- 4:00 p.m. Please contact the Des Plaines office via phone at (847) 294-4326 or by e-mail at [email protected] to make an appointment. Please note that Recovery Tickets purchased at this location must be paid for with a company check only. Cash and credit card payment will not be accepted.

A completed Application for Recovery Tickets form must accompany each Order at the time of purchase.

*** NOTICE ***
New Fingerprinting Vendor

PLEASE BE ADVISED that the fingerprinting vendor for the State of Illinois has changed. Accurate Biometrics is the new fingerprinting vendor. To find the closest fingerprinting location please visit http://www.accuratebiometrics.com/ or call 866-361-8844.

As a result of this change, the following applications have been updated and are currently posted on the Commission’s website.

  • Application for Class "R" License (Repossession Agency)
  • Application for Transfer of Class "R" License (Repossession Agency)
  • Application for Class "MR" License (Recovery Manager)
  • Application for Class "E" Recovery Permit (Employee)
  • Application for Class "EE" Recovery Permit (Intern)
  • Application for Conversion of a Class "EE" Recovery Permit to Class "E" Recovery Permit

PLEASE NOTE that in order to apply for any of the above listed permits or licenses, the applicants must use the updated forms. Applications submitted on the outdated forms will be rejected. Applications are not accepted via fax or e-mail. A fully completed application with original signatures accompanied by a proper fee must be submitted via US Mail to the Commission’s Springfield office at the following address:

Illinois Commerce Commission
ATTN: Processing and Information
527 E. Capitol Ave.
Springfield, IL 62701

! IMPORTANT - PLEASE READ !

Application must be properly completed before the applicant will receive approval from the Processing and Information Section to proceed to get fingerprinted.

Applicants must wait for authorization from the Processing and Information Section before proceeding to get fingerprinted.

Following are various applications, forms, and reports relating to collateral recovery licensure and operations. In addition, businesses and individuals interested in becoming licensed under the Collateral Recovery Act are strongly encouraged to review the Informal Guidance document below for information regarding the licensure process and answers to frequently asked questions.

Applications for Licenses/Permits

Insurance

Approved Certification Programs

The Illinois Commerce Commission has approved the following certification programs for individuals seeking licenses/permits under the Collateral Recovery Act in Illinois:

Applications for Approval of Certification Programs

Recordkeeping

Annual Report Information

Miscellaneous Applications and Forms