For establishing and maintaining a DMP, a licensee may charge or receive fees or contributions in an amount not to exceed the following: (i) $75 for a set-up fee; and (ii) a monthly maintenance fee of 15 percent of the total amount disbursed, but in no event more than $60 per month.
2004, c. 790, § 6.1-363.17; 2010, c. 794.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 20 - Agencies Providing Debt Management Plans
§ 6.2-2001. License requirement; exceptions
§ 6.2-2002. Application for license; form; content; fee
§ 6.2-2004. Investigation of applications
§ 6.2-2006. Licenses; places of business; changes
§ 6.2-2007. Acquisition of control; application
§ 6.2-2008. Retention of books, accounts, and records; responding to Bureau
§ 6.2-2010. Other reporting requirements
§ 6.2-2011. Investigations; examinations
§ 6.2-2014. Required and prohibited business methods
§ 6.2-2015. Fees and contributions
§ 6.2-2016. Additional charges
§ 6.2-2018. Suspension or revocation of license
§ 6.2-2019. Cease and desist orders
§ 6.2-2020. Notice of proposed suspension or revocation
§ 6.2-2023. Private right of action
§ 6.2-2024. Authority of Attorney General; referral by Commission to Attorney General
§ 6.2-2025. Violation of the Virginia Consumer Protection Act