ROBERT L. EHRLICH, JR., Governor                                Ch. 374

(III)    A DESCRIPTION OF THE DEBT MANAGEMENT SERVICES TO BE
PROVIDED TO THE CONSUMER AND ANY FEES TO BE CHARGED TO THE CONSUMER
FOR THE DEBT MANAGEMENT SERVICES;

(IV)    A DISCLOSURE OF THE EXISTENCE OF THE SURETY BOND
REQUIRED UNDER § 12-914 OF THIS SUBTITLE;

(V)      THE NAME AND ADDRESS OF THE FINANCIAL INSTITUTION IN
WHICH FUNDS, PAID BY THE CONSUMER TO THE LICENSEE FOR DISBURSEMENT TO
THE CONSUMER'S CREDITORS, WILL BE HELD;

(VI)    A NOTICE OF THE RIGHT OF A PARTY TO THE DEBT
MANAGEMENT SERVICES AGREEMENT TO CANCEL RESCIND THE DEBT
MANAGEMENT SERVICES AGREEMENT BY GIVING WRITTEN NOTICE OF
CANCELLATION RESCISSION TO THE OTHER PARTY;

(VII)   A SCHEDULE OF PAYMENTS THAT THE CONSUMER MUST MAKE
TO THE DEBT MANAGEMENT SERVICES PROVIDER, FOR DISBURSEMENT TO THE
CONSUMER'S CREDITORS, INCLUDING:

1.        THE AMOUNT AND DATE OF EACH PAYMENT AND THE
DATE ON WHICH EACH PAYMENT IS DUE; AND

2.        AN ITEMIZATION OF THE MAINTENANCE FEES THAT WILL
BE RETAINED BY THE DEBT MANAGEMENT SERVICES PROVIDER, AND THE AMOUNT
OF MONEY THAT WILL BE PAID TO THE CONSUMER'S CREDITORS, FROM EACH
PAYMENT THE CONSUMER MAKES TO THE DEBT MANAGEMENT SERVICES PROVIDER;

(VIII) 1. A LIST OF:

1. A. EACH PARTICIPATING CREDITOR OF THE CONSUMER
TO WHICH PAYMENTS WILL BE MADE UNDER THE DEBT MANAGEMENT SERVICES
AGREEMENT;

2. B. THE AMOUNT OWED TO EACH CREDITOR; AND

3. C. A SCHEDULE OF PAYMENTS THAT THE DEBT
MANAGEMENT SERVICES PROVIDER MUST WILL MAKE TO EACH PARTICIPATING
CREDITOR FROM THE CONSUMER'S PAYMENTS, INCLUDING THE AMOUNT AND DATE
OF EACH PAYMENT AND THE DATE ON WHICH EACH PAYMENT WILL BE MADE; AND

2. EACH CREDITOR THAT THE LICENSEE REASONABLY
EXPECTS NOT TO PARTICIPATE IN THE MANAGEMENT OF THE CONSUMER'S DEBT
UNDER THE DEBT MANAGEMENT SERVICES AGREEMENT;

(IX) A DISCLOSURE THAT THE LICENSEE ALSO MAY RECEIVE
COMPENSATION FROM THE CONSUMER'S CREDITORS FOR PROVIDING DEBT
MANAGEMENT SERVICES TO THE CONSUMER;

(X) A DISCLOSURE THAT THE LICENSEE MAY NOT, AS A CONDITION
OF ENTERING INTO A DEBT MANAGEMENT SERVICES AGREEMENT, REQUIRE A
CONSUMER TO PURCHASE FOR A FEE A COUNSELING SESSION, AN EDUCATIONAL
PROGRAM, OR MATERIALS AND SUPPLIES;

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