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2024 CODE OF GEORGIA
Title 18 - DEBTOR AND CREDITOR (§§ 18-1-1 — 18-5-5)
Chapter 5 - DEBT ADJUSTMENT (§§ 18-5-1 — 18-5-5)
Section 18-5-3.2 - Timing of disbursements to appropriate creditors; trust account required

Universal Citation:
GA Code § 18-5-3.2 (2024)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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  • (a) Any person engaged in debt adjusting shall disburse to the appropriate creditors all funds received from a debtor, less any fees authorized by this chapter, within 30 days of receipt of such funds.
  • (b) Any person engaged in debt adjusting shall maintain a separate trust account for the receipt of any and all funds from debtors and the disbursement of such funds on behalf of debtors.

Added by 2003 Ga. Laws 103, § 5, eff. 7/1/2003.

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