§ 12-919
95 words·~1 min read·
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§12–919.
(a)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)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.