Section R20-4-503. Adjustments in Precomputed Charges

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A licensee shall adjust the total precomputed charges if the first installment period is more or less than one month long. The licensee’s records shall reflect the adjustment’s collection in one of three ways.

1.        In the first installment payment,

2.        Amortized over the life of the contract, or

3.        As part of the final payment.

Historical Note

Former Rule 3. R20-4-503 recodified from R4-4-503 (Supp. 95-1). Amended by final rulemaking at 6 A.A.R.

4605, effective November 14, 2000 (Supp. 00-4).

                    
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