ROBERT L. EHRLICH, JR., Governor

Ch. 375

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

(H) (1) IN ADDITION TO ANY OTHER RIGHT OF RESCISSION CONTAINED IN
THE DEBT MANAGEMENT SERVICES AGREEMENT, A CONSUMER MAY RESCIND A
DEBT MANAGEMENT SERVICES AGREEMENT WITHIN 3 DAYS AFTER THE FINAL DEBT
MANAGEMENT SERVICES AGREEMENT IS EXECUTED.

(2) A CONSUMER WHO RESCINDS A DEBT MANAGEMENT SERVICES
AGREEMENT UNDER THIS SUBSECTION IS ENTITLED TO A REFUND OF AM,
PAYMENTS MADE UNDER THE AGREEMENT, INCLUDING ANY VOLUNTARY
CONTRIBUTION, LESS ANY PORTION OF THE CONSULTATION FEE THAT THE
LICENSEE HAS EXPENDED IN PROVIDING SERVICES 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;

(4)      OPERATE AS A COLLECTION AGENCY, AS DEFINED IN § 7-101 OF THE
BUSINESS REGULATION ARTICLE;

(5)      STRUCTURE A DEBT MANAGEMENT SERVICES AGREEMENT IN A
MANNER THAT WOULD RESULT IN A NEGATIVE AMORTIZATION OF ANY OF THE
CONSUMER'S DEBTS;

(6) ENGAGE IN FALSE, MISLEADING, OR DECEPTIVE ADVERTISING
ABOUT THE TERMS AND CONDITIONS OF ANY SERVICE OR ASSISTANCE OFFERED TO

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