§ 18233 Loan Payment Receipt Requirements

• •If you pay cash for a loan at the company's office, they must give you a receipt right away.
• •The receipt must show how much you paid, which loan it's for, and how much you still owe.
• •This rule is for companies that give out loans, not for regular stores or banks.

You go to a loan company's office and pay $100 in cash toward your car loan.

The company must give you a receipt immediately that says you paid $100, which loan it was for, and how much you still owe on the car loan.