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

(4) A CONSUMER WHO RESCINDS A DEBT MANAGEMENT SERVICES
AGREEMENT UNDER THIS SUBSECTION IS ENTITLED TO A REFUND OF ALL
UNEXPENDED FUNDS THAT THE CONSUMER HAS PAID TO THE LICENSEE FOR THE
REDUCTION OF THE CONSUMER'S DEBT.

(H) (I) IF A PAYMENT BY A CONSUMER UNDER THIS SECTION TO A
LICENSEE IS DISHONORED, THE LICENSEE MAY CHARGE THE CONSUMER THE
AMOUNT ALLOWABLE FOR DISHONORED CHECKS OR OTHER INSTRUMENTS UNDER §
15-802 OF THE COMMERCIAL LAW ARTICLE, WHETHER OR NOT THE CONSUMER HAS
ENTERED INTO A DEBT MANAGEMENT SERVICES AGREEMENT WITH THE LICENSEE.

(F) (I) (J) WITH RESPECT TO THE PROVISION OF DEBT MANAGEMENT
SERVICES, IF A LICENSEE IMPOSES ANY FEE OR OTHER CHARGE OR RECEIVES ANY
FUNDS OR OTHER PAYMENTS NOT AUTHORIZED UNDER THIS SECTION, EXCEPT AS A
RESULT OF AN ACCIDENTAL AND BONA FIDE ERROR:

(1)      THE DEBT MANAGEMENT SERVICES AGREEMENT SHALL BE VOID;
AND

(2)      THE LICENSEE SHALL RETURN THE AMOUNT OF THE
UNAUTHORIZED FEES, CHARGES, FUNDS, OR PAYMENTS TO THE CONSUMER.

12-919.

(A)     A LICENSEE SHALL PROVIDE TO EACH CONSUMER WITH WHOM THE
LICENSEE HAS A DEBT MANAGEMENT SERVICES AGREEMENT A WRITTEN
ACCOUNTING OF:

(1)      THE AMOUNT OF FUNDS RECEIVED FROM THE CONSUMER FOR
PAYMENT TO THE CONSUMER'S CREDITORS SINCE THE LAST REPORT; AND

(2)      THE AMOUNTS AND DATES OF DISBURSEMENTS MADE TO EACH
CREDITOR OF THE CONSUMER SINCE THE LAST REPORT.

(B)     A LICENSEE SHALL PROVIDE THE ACCOUNTING REQUIRED UNDER
SUBSECTION (A) OF THIS SECTION:

(1)      AT LEAST ONCE DURING EACH CALENDAR QUARTER; AND

(2)      ON CANCELLATION OR TERMINATION OF THE DEBT MANAGEMENT
SERVICES AGREEMENT.

12-920.

(A) A LICENSEE MAY NOT:

(1)      PURCHASE ANY DEBT OR OBLIGATION OF A CONSUMER;

(2)      LEND MONEY OR PROVIDE CREDIT TO A CONSUMER;

(3)      OBTAIN A MORTGAGE OR OTHER SECURITY INTEREST IN PROPERTY
OWNED BY A CONSUMER;

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