§ 32 §6174-A — Limits on fees and charges

1.
Initial fee.
A debt management service provider may charge to a consumer a reasonable one-time initial or set-up fee in an amount not to exceed $75.
2.
Service fees.
In addition to the fee set forth in subsection 1, a debt management service provider may assess either of the following fees:
3.
Limitation on excess fees.
A debt management service provider may not charge more than one fee authorized under subsections 1 and 2 on the basis that the consumer has entered into a debt management services agreement for joint obligations of a consumer and a consumer's spouse or other member of the consumer's household.
4.
Application.
This section does not apply to a debt management service provider located in this State that does not provide debt management services to a consumer who is a resident of this State.

Legislative History

PL 2007, c. 36, §8 (NEW).