FY26-115 Proof - ICC Collateral Recovery Ticket Starting NUMBER 1154001 02.03.26.pdf
PDF 961 KB Posted
- Attached to
- FY26-115 Collateral recovery tickets
- Solicitation number
- 26-524ICC-ICCDE-B-51078
- Issued by
- Illinois
About this file
This file contains the Illinois Commerce Commission Collateral Recovery Ticket form, a standardized template used by the State of Illinois for documenting vehicle repossessions. The form serves as an official record that must accompany recovered collateral from the point of repossession through release to the lien holder. The document includes three copies—one to remain with the recovered collateral, one for the financial institution, and one for the recovery agency's file—each containing identical fields for tracking essential information including ticket number, repossession agency details, vehicle identification information, financial institution name, and law enforcement officer identification numbers for both pre-repossession and post-repossession notifications.
The instructions specify that all form blanks must be completed with full accuracy, and the Collateral Recovery Ticket sticker must be affixed to the recovered collateral immediately at or after repossession in a clearly visible manner. For titled vehicles, the sticker must be placed as close as possible to the vehicle identification number without obscuring it. The form must remain attached to and travel with the recovered collateral until it reaches the lien holder who ordered the repossession. This ticket system establishes a standardized compliance and tracking mechanism for collateral recovery operations throughout Illinois, ensuring proper documentation and accountability across all repossession agencies operating under Illinois Commerce Commission oversight.
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Text version
ILLINOIS COMMERCE COMMISSION
COLLATERAL RECOVERY TICKET
AM
TIME: PM TICKET NUMBER: 1154001 I DATE:
Name of Repossession Agency:
Class R or Vehicle Identification Number: Class E or EE RR License Recovery Number: Permit
Number:
Make: Model: Year:
Name of Financial Institution:
Name and Officer Identification Number of the Local Law Enforcement Officer notified prior to the repossession:
Name and Officer Identification Number of the Local Law Enforcement Officer notified that the repossession has occurred:
FORM TO STAY WITH RECOVERED COLLATERAL
7/12
ILLINOIS COMMERCE COMMISSION
COLLATERAL RECOVERY TICKET
AM
TIME: PM TICKET NUMBER: 1154001 I DATE:
Name of Repossession Agency:
Class R or Vehicle Identification Number: Class E or EE RR License Recovery Number: Permit
Number:
Make: Model: Year:
Name of Financial Institution:
FINANCIAL INSTITUTION COPY
7/12
ILLINOIS COMMERCE COMMISSION
COLLATERAL RECOVERY TICKET
AM
TIME: PM TICKET NUMBER: 1154001 I DATE:
Name of Repossession Agency:
Class R or Vehicle Identification Number: Class E or EE RR License Recovery Number: Permit
Number:
Make: Model: Year:
Name of Financial Institution:
Name and Officer Identification Number of the Local Law Enforcement Officer notified prior to the repossession:
Name and Officer Identification Number of the Local Law Enforcement Officer notified that the repossession has occurred:
RECOVERY AGENCY FILE COPY
7/12
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1154001
INSTRUCTIONS FOR COMPLETION OF THE
COLLATERAL RECOVERY TICKET FORM
1.) All blanks on the form must be filled in completely and accurately.
2.) At the time of repossession, or immediately thereafter, the Collateral Recovery Ticket sticker must be affixed to the recovered collateral in a manner so that it is clearly visible upon inspection.
3.) If the recovered collateral is a titled vehicle, the Collateral Recovery Ticket sticker must be placed as close as possible to the vehicle identification number without obscuring the number.
4.) The Collateral Recovery Ticket form must remain with and accompany the recovered collateral until it is released to the lien holder ordering the repossession.
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