(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.