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

Kansas Statutes

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

Kansas·Ch. 50 UNFAIR TRADE AND CONSUMER PROTECTION·Art. 11 CREDIT SERVICES ORGANIZATIONS

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.

Kansas § 50-1123 (Licensee's report to consumer; required contents) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.