Section 12-919 - Accounting.
§ 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.]