Kansas § 50-1123 Licensee's report to consumer; required contents

Kansas Statutes

§ 50-1123 — Licensee's report to consumer; required contents

Kansas § 50-1123

Ch. 50UNFAIR TRADE AND CONSUMER PROTECTION

Art. 11CREDIT SERVICES ORGANIZATIONS

This text of Kansas § 50-1123 (Licensee's report to consumer; required contents) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 50-1123 (2026).

Text

A licensee shall provide a report at least once every three months to each consumer who has entered into a debt management services agreement with the licensee. The report shall include the:

(a)Total amount received from the consumer to date;

(b)total amount paid to each creditor to date;

(c)total payoff amount or an estimated balance due to each creditor on any debt owed by the consumer;

(d)fees paid to the licensee by the consumer; and

(e)amount held in the trust account on behalf of the consumer, or statement that no amount is currently held.

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A licensee shall provide a report at least once every three months to each consumer who has entered into a debt management services agreement with the licensee. The report shall include the:
(a) Total amount received from the consumer to date;
(b) total amount paid to each creditor to date;
(c) total payoff amount or an estimated balance due to each creditor on any debt owed by the consumer;
(d) fees paid to the licensee by the consumer; and
(e) amount held in the trust account on behalf of the consumer, or statement that no amount is currently held.