Periodically, but not less frequently than quarterly, the licensee shall provide the debtor with a statement showing the payments made by the debtor, how such payments have been distributed, and for each debt covered by the contract:

1. (1) the beginning amount of such debt;
2. (2) the current amount due on such debt; and
3. (3) the basic terms of such debt.

(Added 2003, No. 81 (Adj. Sess.), § 1; amended 2009, No. 137 (Adj. Sess.), § 3.)