(1) Licensees who collect fees of any kind to be paid to a public official for filing or recording any instrument used to secure a loan, assume responsibility for releasing such instrument from the public record when the obligation has been satisfied.

(2) Licensees shall record on the borrower's ledger card each amount collected as a fee for recording, filing, or releasing any instrument executed by a borrower to secure a loan.

(3) Licensees shall not collect any notary fee required in connection with any instrument tendered by a borrower as security for any loan.