Maryland Statutes
Subtitle 9 - Maryland Debt Management Services Act
Section 12-919 - Accounting

(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.

Structure Maryland Statutes