Every contract between a prorater and a debtor shall:

1. (a) List every debt to be prorated with the creditor’s name and disclose the total of all such debts;
2. (b) Provide payments reasonably within the ability of the debtor to pay in precise terms;
3. (c) Disclose in precise terms the rate and amount of the prorater’s charge;
4. (d) Disclose the approximate number and amount of installments required to pay the debts in full;
5. (e) Disclose the name and address of the prorater and of the debtor;
6. (f) Contain such other provision or disclosures as the commissioner shall determine is necessary for the protection of the debtor and the proper conduct of business by a prorater.