Current through Register Vol. 23, December 6, 2024
Rule 2.59.305 - RECEIPT FORM(1) Licensees shall give to the borrower or mail to the borrower's address a plain and complete receipt for each payment made.(2) Licensees receipt forms shall contain the following minimum information: (c) amount and date of payment;(d) past-due amount collected, if any;(e) balance remaining on loan; and(3) Licensees shall indelibly record on the borrower's loan card, or electronically maintain, as separate items the amount of each installment payment, refund, or collection. An electronic record must be capable of being reproduced in or converted to hard copy form.Eff. 12/31/72; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2014 MAR p. 498, Eff. 3/14/14.32-5-401, MCA; IMP, 32-5-304, 32-5-307, MCA;