(a) Any person engaged in debt adjusting shall disburse to the appropriate creditors all funds received from a debtor, less any fees authorized by this chapter, within 30 days of receipt of such funds.
(b) Any person engaged in debt adjusting shall maintain a separate trust account for the receipt of any and all funds from debtors and the disbursement of such funds on behalf of debtors.
Section: Previous 18-5-1 18-5-2 18-5-3 18-5-3.1 18-5-3.2 18-5-4 18-5-5 NextLast modified: October 14, 2016