(1) Every licensee under the Montana Title Loan Act shall file with the department in duplicate, at the time of filing application for such license or license renewal, a full and accurate schedule of all charges, fees, and costs as follows:

(a) interest rate;

(b) nonsufficient fund fees;

(c) lien recording and release fees;

(d) examples of typical loan amounts including principal, interest and fees; and

(e) a statement that storage fees and repossession fees shall be added to amount due based upon actual cost of these services to the licensee.

(2) Licensees shall display such schedule prominently in each licensed place of business where loans are made or negotiated so as to be easily readable by borrowers and prospective borrowers.