R20-4-503

R20-4-503. Adjustments in Precomputed Charges

Last amended: 2023Length: 57 wordsOfficial source

Cite as Ariz. Admin. Code § R20-4-503

A licensee shall adjust the total precomputed charges if the first installment period is more or less than one month in duration. The licensee’s records shall reflect the adjustment’s collection in one of three ways. 1. In the first installment payment, 2. Amortized over the life of the contract, or 3. As part of the final payment.