§ 12-919. Accounting

Latest version.

   (a) In general. -- A licensee shall provide to each consumer with whom the licensee has a debt management services agreement a written accounting of:

   (1) The amount of funds received from the consumer for payment to the consumer's creditors since the last report; and

   (2) The amounts and dates of disbursements made to each creditor of the consumer since the last report.

(b) Time. -- A licensee shall provide the accounting required under subsection (a) of this section:

   (1) At least once during each calendar quarter; and

   (2) On cancellation or termination of the debt management services agreement.

HISTORY: 2003, chs. 374, 375.

                    
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