Section 1480.310  Compliance Inspection

A compliance inspection shall be conducted by Commission staff prior to issuance of a license. The inspection shall include, but not be limited to, a review of:

a)         Physical characteristics of the secured storage facility, including but not limited to the size, location and overall condition of the facility;

b)         Types of repossessed collateral and personal property stored;

c)         Proper storage of repossessed collateral and personal property;

d)         Proper posting of signs;

e)         Method of protection from fire;

f)         Method of protection from theft or burglary;

g)         Method of protection from potential damage to the stored repossessed collateral and personal property by vermin, insects or water;

h)         Proper documentation of the repossessed collateral being stored; and

i)          Proper inventory of personal property removed from repossessed collateral.