Remittances to creditors; written statements of account and information on account to debtor. Each licensee shall:
1. Make remittances to creditors within 10 days after receipt of the monthly remittance from the debtor.
2. Furnish a written statement of account to the debtor at least once every 90 days. If the licensee has been doing business for more than 1 year, the Commissioner may waive the requirement of this subsection as he shall determine.
3. Provide account information to the debtor verbally when requested during normal business hours.
Last modified: February 26, 2006