A licensee may not receive a fee for acting as a mortgage loan broker except pursuant to a written agreement between the mortgage loan broker and the borrower. Such written agreement shall be entered into prior to the time that the mortgage loan broker undertakes to perform mortgage loan brokerage services on behalf of a borrower. A copy of the fully completed written agreement shall be provided to the borrower at the time the borrower signs the agreement. The agreement:
(1) Must describe the services to be provided by the mortgage loan broker and the time period within which such services are to be provided;
(2) Must specify the amount and terms of the fees that the mortgage loan broker is to receive; and
(3) Shall otherwise contain such information and disclosures, in such format, as the Commissioner by regulation may provide.