Md. Code, Financial Institutions § 12-919
This is the official text of Md. Code, Financial Institutions § 12-919, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§12–919.
Official statutory text
(a) 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) 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.
(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) 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.
Status: in_force · Read it on the official government site
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