Maryland Financial Institutions Section 12-919

Article - Financial Institutions

§ 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.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.