Georgia Statutes
§ 18-5-3-2 — Timing of disbursements to appropriate creditors; trust account required
Georgia·Title 18
(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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Georgia § 18-5-3-2 (Timing of disbursements to appropriate creditors; trust account required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by 2003 Ga. Laws 103, § 5, eff. 7/1/2003.