ROBERT L. EHRLICH, JR., Governor Ch. 374
(C) (D) "CONSUMER EDUCATION PROGRAM" MEANS A PROGRAM OR PLAN
THAT SEEKS TO IMPROVE THE FINANCIAL LITERACY OF CONSUMERS.
(D) (E) "DEBT MANAGEMENT COUNSELOR" MEANS A PERMANENT,
TEMPORARY, OR CONTRACTUAL EMPLOYEE OF A DEBT MANAGEMENT SERVICES
PROVIDER OR ITS AGENT WHO PROVIDES DEBT MANAGEMENT ADVICE COUNSELING
TO CONSUMERS ON BEHALF OF THE DEBT MANAGEMENT SERVICES PROVIDER
(E) (F) "DEBT MANAGEMENT SERVICES" MEANS:
(1) RECEIVING FUNDS PERIODICALLY FROM A CONSUMER UNDER AN
AGREEMENT WITH THE CONSUMER FOR THE PURPOSE OF DISTRIBUTING THE FUNDS
AMONG THE CONSUMER'S CREDITORS IN PAYMENT FULL OR PARTIAL PAYMENT OF
THE CONSUMER'S DEBTS; OR.
(2) SETTLING, AD JUSTING, PRORATING, POOLING, COMPROMISING, OR
LIQUIDATING THE INDEBTEDNESS OF A CONSUMER.
(F) (G) "DEBT MANAGEMENT SERVICES AGREEMENT" MEANS A WRITTEN
CONTRACT, PLAN, OR AGREEMENT BETWEEN A DEBT MANAGEMENT SERVICES
PROVIDER AND A CONSUMER FOR THE PERFORMANCE OF DEBT MANAGEMENT
SERVICES.
(G) (H) "DEBT MANAGEMENT SERVICES PROVIDER" MEANS AN
ORGANIZATION THAT PROVIDES OR OFFERS TO PROVIDE DEBT MANAGEMENT
SERVICES TO A CONSUMER IN THE STATE.
(H) (I) "FUND" MEANS THE DEBT MANAGEMENT SERVICES FUND
ESTABLISHED UNDER § 12-905 OF THIS SUBTITLE.
(I) (J) "LICENSEE" MEANS AN ORGANIZATION LICENSED UNDER THIS
SUBTITLE TO PROVIDE DEBT MANAGEMENT SERVICES.
(J) (K) "MAINTENANCE FEE" MEANS A FEE PAID BY A CONSUMER TO A DEBT
MANAGEMENT SERVICES PROVIDER FOR THE MAINTENANCE OR SERVICING OF THE
CONSUMER'S ACCOUNTS WITH THE CONSUMER'S CREDITORS IN ACCORDANCE WITH
A DEBT MANAGEMENT SERVICES AGREEMENT.
(K) (L) "ORGANIZATION" MEANS A NONPROFIT ORGANIZATION THAT IS
EXEMPT FROM TAXATION UNDER § 501(C) OF THE INTERNAL REVENUE CODE.
(L) (M) "RESIDENT AGENT" MEANS AN INDIVIDUAL RESIDING IN THE STATE
OR A MARYLAND CORPORATION WHOSE NAME, ADDRESS, AND DESIGNATION AS A
RESIDENT AGENT ARE FILED OR RECORDED WITH THE STATE DEPARTMENT OF
ASSESSMENTS AND TAXATION IN ACCORDANCE WITH THE PROVISIONS OF THE
CORPORATIONS AND ASSOCIATIONS ARTICLE.
(M) "SET UP FEE" MEANS A FEE PAID BY A CONSUMER TO A DEBT
MANAGEMENT SERVICES PROVIDER IN CONNECTION WITH THE PROCESSING OF THE
CONSUMER'S APPLICATION FOR DEBT MANAGEMENT SERVICES.
(N) "TRUST ACCOUNT" MEANS AN ACCOUNT THAT IS:
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