(a) At the time of a loan to a museum, the museum shall make and retain a written record of the following:

1. (1) The lender’s name, address, and telephone number;
2. (2) A description of the loan;
3. (3) The date of the loan; and
4. (4) The expiration date of the loan.

(c) The museum’s general duties with respect to a loan include:

1. (1) Updating museum records whenever:

   1. (A) A lender informs the museum of a change of address or change in the ownership of the loan; and
   2. (B) The lender and museum negotiate a change in terms of the loan; and

2. (2)

   1. (A) Providing the lender with notice about any update concerning the lender’s loan and providing copies of these sections of the statute, Arkansas Code § 13-5-1004, procedure for obtaining ownership of an abandoned loan, Arkansas Code § 13-5-1007, duties of lender concerning the lender’s loan, and Arkansas Code § 13-5-1009, conservation measures, to each lender who made a loan to the museum before the effective date of August 11, 2005, of Acts 2005, No. 2242, and that loan is in the custody of the museum, to the lender at the time of the loan and upon a lender’s request.
   2. (B) A copy of the aforementioned sections, Arkansas Code §§ 13-5-1004, 13-5-1007, and 13-5-1009, shall be provided by the museum to the lender.
   3. (C) See attachment 4.