The duty of a licensee to give to the borrower a plain and complete receipt for all payments made on account of any loan at the time payments are made pursuant to Florida Statutes § 516.15(2), is discharged when payments are through mail by check or money order by furnishing the borrower with a monthly billing statement detailing payments.
Rulemaking Authority Florida Statutes § 20.05(5), 516.22(1) FS. Law Implemented 516.15(2) FS. History-New 4-2-81, Formerly 3D-160.27, 3D-160.027.