47-18-5526 - Termination of agreements. [Effective July 1, 2010.] - Tennessee Statutes

47-18-5526. Termination of agreements. [Effective July 1, 2010.]

(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 § 47-18-5523(d)(2) that has not been credited against settlement fees.

[Acts 2009, ch. 469, § 1.]