2014 Rhode Island General Laws
Title 19 - Financial institutions
Chapter 19-14.8 - Uniform Debt-Management Services Act
Section 19-14.8-26 - Termination of agreements.
§ 19-14.8-26 Termination of agreements. (a) If an individual who has entered into an agreement fails for sixty (60) days to make payments required by the agreement, a provider may terminate the agreement.
(b) If a provider or an individual terminates an agreement, the provider shall immediately return to the individual:
(1) Any money of the individual held in trust for the benefit of the individual; and
(2) Sixty-five percent (65%) of any portion of the set-up fee received pursuant to subdivision 19-14.8-23(d)(2) which has not been credited against settlement fees.
History of Section.
(P.L. 2006, ch. 243, § 3; P.L. 2006, ch. 291, § 3.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.