(a) If a consumer applies for a refund anticipation loan, the facilitator shall orally inform the consumer:
(1) That the product is a loan that lasts one (1) or two (2) weeks;
(2) That if the consumer's tax refund is less than expected, the consumer is liable for the full amount of the loan and must repay any difference;
(3) The amount of the refund loan fee; and
(4) The refund anticipation loan interest rate.
(b) If a consumer applies for a refund anticipation check, the facilitator shall orally inform the consumer:
(1) The amount of the refund check; and
(2) That the consumer may receive a refund in the same amount of time without a fee if the tax return is filed electronically and if the consumer directly deposits the refund in the consumer's own bank account.
(c) The disclosures required in this section shall be provided in the language primarily used for oral communication between the facilitator and the consumer.