An advertisement for debt settlement services shall include clearly and conspicuously a disclosure that, to the extent that any aspect of the debt settlement services relies on or results in the consumer’s failure to make timely payments to the consumer’s creditors or debt collectors, the use of the debt settlement services:
(1) Will likely adversely affect the consumer’s creditworthiness;
(2) May result in the consumer being subject to collections or being sued by creditors or debt collectors; and
(3) May increase the amount of money the consumer owes due to the accrual of fees and interest by creditors or debt collectors.
Structure Maryland Statutes
Title 12 - Miscellaneous Institutions and Activities
Subtitle 10 - Maryland Debt Settlement Services Act
Section 12-1002 - Scope of Provisions; Providing Debt Management Services
Section 12-1003 - Applicability of Subtitle
Section 12-1004 - Registration Required
Section 12-1005 - Implementation of Subtitle
Section 12-1007 - Use of Fees; Fines and Penalties Paid to General Fund
Section 12-1009 - Registration -- Expiration and Renewal
Section 12-1010 - Debt Settlement Services Fee
Section 12-1011 - Material Representation Prohibited
Section 12-1012 - Debt Settlement Services Agreement
Section 12-1013 - Advertisement
Section 12-1015 - Annual Report