§ 12–919

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 12-919 (2026)

Title 12. Miscellaneous Institutions and Activities

Subtitle 9. Maryland Debt Management Services Act

(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.