Section 110.20 Loan Register

Section 110.20  Loan Register

a)         The loan register shall contain the original entry and shall be

a permanent record, and shall show for every loan the account number, date of

loan, amount of loan, name of obligor, nature of security by types, amount of

fees, cost and type of any insurance, and amount of the note, including

precomputed interest, the simple interest rate contracted for or amount of

precomputed interest.

b)         The loan register shall be kept numerically by number of loans

in order made and shall have headings for each of the items required.

c)         Loan Registers shall be maintained in a form accessible to the

Department and a licensee may maintain these files in any medium or format

which accurately reproduces original documents or papers.