(a) Every licensee shall—
(1) mail or deliver to the borrower, or if more than one, to one of them, at the time of making a loan under this subchapter, a statement making the disclosures and furnishing the information required by the federal Truth-in-Lending Act with respect to the contract of loan.
(2) give to the person making any cash payment on account of any loan a receipt at the time such payment is made. The use of a coupon book system shall be deemed in compliance with this provision.
(3) permit payment in advance in amount equal to one or more full installments at any time during the regular business hours of the licensee.
(4) upon repayment of a loan in full, mark plainly every note or other evidence of the indebtedness or assignment signed by an obligor with the words “PAID IN FULL” or “CANCELLED” and release or provide the borrower evidence to release any mortgage or security instrument no longer securing any indebtedness to the licensee.
(b) No licensee shall take any confession of judgment or any power of attorney running to himself or to any third person to confess judgment or to appear for the borrower in a judicial proceeding; nor take any note or promise to pay which does not disclose the date and amount of the note, a schedule or description of the payments to be made thereon, and the agreed charges or rate of charge; nor take any instrument in which blanks are left to be filled in after the loan is made.