(a) Each person, corporation, partnership, association, or other entity engaging in the business of selling liquefied petroleum gas at retail in the state shall furnish within the first twenty (20) days of each calendar month to each retail customer in the state having a credit balance of twenty dollars ($20.00) or more a statement of the customer's account showing that credit balance.
(b) The Liquefied Petroleum Gas Board shall see that every propane dealer doing business in the State of Arkansas receives a copy of this section and shall monitor compliance with this section.
(c) The failure of any person, corporation, partnership, association, or other entity to comply with the provisions of this section or the rules of the board adopted pursuant to the provisions of this section shall constitute grounds for the revocation or suspension of the license or permit of each person or entity to engage in the business of selling liquefied petroleum gas at retail in this state.