(1) An examination of a licensee's lending operations conducted by the department to verify compliance with Title 31, chapter 1, part 7, MCA, and these rules, must consist of a comprehensive review of the records, operations, and affairs of the licensee. The review must include inquiry into:

(a) accounting and financial records;

(b) records of the borrowers' files including:

(i) evidence of required disclosures; and

(ii) use of a department-approved loan agreement form; and

(c) assurance of continued capital adequacy and bonding.