Maryland Financial Institutions Section 12-917

      (a)      Within 2 business days after receipt, a licensee shall deposit, in a trust account established for the benefit of consumers, any funds paid to the licensee by or on behalf of a consumer for disbursement to the consumer's creditors.

      (b)      A licensee shall:

            (1)      Maintain separate records of account for each consumer to whom the licensee is providing debt management services;

            (2)      Disburse any funds paid by or on behalf of a consumer to the consumer's creditors within 8 business days after receipt of the funds; and

            (3)      (i)      Correct any misdirected payments resulting from an error by the licensee; and

                  (ii)      Reimburse the consumer for any actual fees or other charges imposed by a creditor as a result of the misdirection.

      (c)      A licensee may not commingle any trust account established for the benefit of consumers with any operating accounts of the licensee.