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2016 Statute



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50-1123.Same; registrant's report to consumer; required contents. A registrant shall provide a report at least once every three months to each consumer who has entered into a debt management services agreement with the registrant. 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 amount any creditor has agreed to accept as payment in full on any debt owed by the consumer;

(d) any fees paid to the registrant by the consumer; and

(e) any amount held in the trust account on behalf of the consumer.

History: L. 2004, ch. 22, § 8; July 1.



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2018. Powered by KLISS. Rendered: 2018-01-21T06:55:48. Head Rev No: 367943