50-1123. Licensee's report to consumer; required contents.
106 words·~1 min read·
/ks/chapter-50/50-1123A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
50-1123. Licensee's report to consumer; required contents. A licensee shall provide a report at least once every three months to each consumer who has entered into a debt management services agreement with the licensee. The report shall include the:
(a)Total amount received from the consumer to date;
(b)total amount paid to each creditor to date;
(c)total payoff amount or an estimated balance due to each creditor on any debt owed by the consumer;
(d)fees paid to the licensee by the consumer; and
(e)amount held in the trust account on behalf of the consumer, or statement that no amount is currently held.