ARM 2.59.305. RECEIPT FORM

(1) Licensees shall give to the borrower or mail to him at his address of record a plain and complete receipt for each payment made. (2) Licensees receipt forms shall contain the following minimum information: (a) name of borrower; (b) account number; (c) amount of installment payment; (d) penalty collection, if any; (e) balance remaining on loan; and (f) amount of refund. (3) Licensees shall indelibly record on borrower's loan card as separate items the amount of each installment payment, refund or collection.