810 ILCS 5/9-210
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-210.         Request for accounting; request regarding list of collateral  or  statement of account.(a) Definitions.  In this Section:(1) "Request" means a record of a type described in     paragraph (2), (3), or (4).(2) "Request for an accounting" means a record     authenticated by a debtor requesting that the recipient provide an accounting of the unpaid obligations secured by collateral and reasonably identifying the transaction or relationship that is the subject of the request.(3) "Request regarding a list of collateral" means a     record authenticated by a debtor requesting that the recipient approve or correct a list of what the debtor believes to be the collateral securing an obligation and reasonably identifying the transaction or relationship that is the subject of the request.(4) "Request regarding a statement of account" means     a record authenticated by a debtor requesting that the recipient approve or correct a statement indicating what the debtor believes to be the aggregate amount of unpaid obligations secured by collateral as of a specified date and reasonably identifying the transaction or relationship that is the subject of the request.(b) Duty to respond to requests.  Subject to subsections (c), (d), (e), and  (f), a secured party, other than a buyer of accounts, chattel paper, payment  intangibles, or promissory notes or a consignor, shall comply with a request within  14 days after receipt:(1) in the case of a request for an accounting, by     authenticating and sending to the debtor an accounting; and(2) in the case of a request regarding a list of     collateral or a request regarding a statement of account, by authenticating and sending to the debtor an approval or correction.(c) Request regarding list of collateral; statement concerning type of  collateral.  A secured party that claims a security interest in all of a particular type  of collateral owned by the debtor may comply with a request regarding a list of  collateral by sending to the debtor an authenticated record including a statement to  that effect within 14 days after receipt.(d) Request regarding list of collateral; no interest claimed.  A person  that receives a request regarding a list of collateral, claims no interest in the  collateral when it receives the request, and claimed an interest in the collateral at an  earlier time shall comply with the request within 14 days after receipt by sending to  the debtor an authenticated record:(1) disclaiming any interest in the collateral; and(2) if known to the recipient, providing the name and     mailing address of any assignee of or successor to the recipient's interest in the collateral.(e) Request for accounting or regarding statement of account; no  interest in obligation claimed.  A person that receives a request for an  accounting  or a request regarding a statement of account, claims no interest in the  obligations  when it receives the request, and claimed an interest in the obligations at an  earlier  time shall comply with the request within 14 days after receipt by sending to  the  debtor an authenticated record:(1) disclaiming any interest in the obligations; and(2) if known to the recipient, providing the name and     mailing address of any assignee of or successor to the recipient's interest in the obligations.(f) Charges for responses.  A debtor is entitled without charge to one  response to a request under this Section during any six-month period.  The  secured  party may require payment of a charge not exceeding $25 for each additional  response.    (Source: P.A. 91-893, eff. 7-1-01.)