Each licensee and employee of a licensee who negotiates, makes, or collects loans under the Insurance Code, Chapter 24, shall have knowledge of the laws and regulations governing such business, including the Insurance Code, Chapter 24, the Credit Code, Chapters 3 and 4 (Texas Civil Statutes, Articles 5069-3.01 et seq and Article 5069-4.01 et seq), and the federal Truth in Lending Regulations (Regulation Z, 12 Code of Federal Regulations §§226.1 et seq), and shall be charged with knowledge of those laws.