# Financial Institutions (GFI)

## Title 12. Miscellaneous Institutions and Activities

### Subtitle 9. Maryland Debt Management Services Act

#### Section 12-919

(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.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)