House Status:
Senate Status:
Senate Status:
2019 Statute
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50-1123. 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. |
History: L. 2004, ch. 22, § 8; L. 2017, ch. 52, § 19; July 1. |
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