Section 12-919 - Accounting. - Maryland Statutes

§ 12-919. Accounting.
 

(a)  In general.- 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)  Time.- 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. 
 

[2003, chs. 374, 375.]