As Amended
SEC. 81-22-13. Fees charged to the consumer [Repealed effective July 1, 2006].
A debt service management provider may charge a consumer the following fees for providing debt management services:
(a) A fee not to exceed Twenty-five Dollars ($25.00) per month to maintain a debt management plan for a consumer who has chosen that course voluntarily after a free initial counseling session;
(b) A one-time fee not to exceed Seventy-five Dollars ($75.00) for setting up a debt management plan for a consumer;
(c) A fee for obtaining the consumer's credit report not to exceed Fifteen Dollars ($15.00) for an individual report or Twenty-five Dollars ($25.00) for a joint report; and
(d) A fee for educational courses/products that will assist the consumer in achieving financial stability. Products shall be educational in nature and may include, but not be limited to, the following topics: Home Buyer Education, Financial Literacy Education, and Credit Report Review. However, the consumer must be informed that those courses and products are not a mandatory condition to receive debt management services.
SOURCES: Laws, 2003, ch. 465, § 7, SB 2414, eff from and after July 1, 2003.