HERBERT R. O'CONOR, GOVERNOR. 1451

fide error of computation, the contract of loan shall be void, and
the licensee shall have no right to collect or receive any prin-
cipal, interest, charges, or recompense whatsoever; and the
licensee and the several members, officers, directors, agents,
and employees thereof who shall have wilfully and knowingly
participated in such violation, shall be guilty of a misdemeanor
and upon conviction thereof shall be punishable by a fine of
not more than Five Hundred Dollars ($500) or by imprison-
ment of not more than six (6) months or by both such fine and
imprisonment in the discretion of the Court.

185. (Duties of Licensees. ) Every licensee shall:

1. At the time any loan or advance is made, deliver to the
borrower, or if there are two or more borrowers to one of them,
a statement in the English language, on which shall be plainly
printed a copy of Section 184 of this sub-title, disclosing in
clear and distinct terms the amount and date of the loan; a
schedule of payments or a description thereof; the type of the
security, if any, for the loan; the name and address of the
licensed office and of each person primarily obligated; the
actual amount of cash received; the amount deducted for in-
terest, charges and fees; the amount collected or paid out for
insurance, if any; the gross amount of the contract together
with its repayment terms whether lump sum, monthly, or other
periodic intervals.

2. For each payment made on account of any such loan,
give to the person making it at the time the payment is made
a plain and complete. receipt specifying the amount applied to
delinquent fees or other charges properly and fully collectible
and the amount, if any, applied to principal, and stating the
unpaid principal balance, if any, of such loan; provided that
an unitemized receipt may be given temporarily and replaced
within a reasonable time with a receipt as prescribed above.

3. Permit payment to be made in advance in any amount on
any contract of loan at any time.

4. Deliver to the borrower within twenty-five (25) days a
copy of any insurance policy required, purchased and charged
for in connection with any loan or advance.

5. Upon repayment of a loan contract in full, mark plainly
every obligation signed by any obligor with the word "Paid"
or "Cancelled", restore any pledge, cancel and return any note
and any assignment or security given to the licensee and re-
lease any mortgage or any other recorded lien of evidence of
obligation.