US Lawyer Database

32 §6174-B. Counselor certification; consumer education program

§6174-B. Counselor certification; consumer education program 1.  Certified counselor.  A debt management service provider shall provide evidence to the administrator within 12 months after initial employment of a counselor that the counselor is a certified counselor.   [PL 2007, c. 36, §9 (NEW).] 2.  Consumer education.  A debt management service provider shall offer a consumer […]

32 §6175. Handling of consumer funds

§6175. Handling of consumer funds 1.  Funds deposited in trust account.  The debt management service provider shall deposit, within 2 business days of receipt, all funds received from or on behalf of a consumer for payment to a creditor or creditors in a federally insured trust account for the benefit of the consumer in a […]

32 §6176. Requirement for written agreement

§6176. Requirement for written agreement 1.  Written agreement.  A debt management service provider may not perform debt management services for a consumer unless the consumer and the debt management service provider have first executed a written agreement with regard to the debt management services to be provided. A copy of the completed agreement must be […]

32 §6177. Reports and records

§6177. Reports and records 1.  Written reports to consumers.  A debt management service provider shall provide to each consumer receiving debt management services periodic written reports accounting for funds received from the consumer for payment to the consumer’s creditor or creditors whose obligations are listed in the consumer’s agreement with the debt management service provider […]

32 §6178. Powers and functions of administrator

§6178. Powers and functions of administrator The administrator may exercise the following powers and functions.   [PL 1999, c. 560, §3 (NEW).] 1.  Complaint investigation.  The administrator may receive and act on complaints, take action to obtain voluntary compliance with this chapter or refer cases, including cases involving violations under section 6173 or 6175 or […]