Georgia Statutes

§ 18-5-3-2 — Timing of disbursements to appropriate creditors; trust account required

Georgia § 18-5-3-2

This text of Georgia § 18-5-3-2 (Timing of disbursements to appropriate creditors; trust account required) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
O.C.G.A. § 18-5-3-2 (2026).

Text

(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.

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Legislative History

Added by 2003 Ga. Laws 103, § 5, eff. 7/1/2003.

Nearby Sections

15
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Bluebook (online)
Georgia § 18-5-3-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/18-5-3-2.