ROBERT L. EHRLICH, JR., Governor

Ch. 375

INCLUDES A BALANCE SHEET, INCOME STATEMENT, STATEMENT OF CHANGES IN
FUND BALANCES, AND STATEMENT OF CASH FLOW;

(II)     AN ALPHABETICAL LIST OF ALL DEBT MANAGEMENT
COUNSELORS EMPLOYED BY WHO PROVIDED SERVICES FOR THE LICENSEE DURING
THE PREVIOUS CALENDAR YEAR;

(III)   THE NUMBER OF CONSUMERS IN THE STATE FOR WHOM THE
LICENSEE PROVIDED DEBT MANAGEMENT SERVICES UNDER A DEBT MANAGEMENT
SERVICES AGREEMENT DURING THE PRECEDING CALENDAR YEAR;

(IV)    THE NUMBER OF CONSUMERS IN THE STATE WHO SIGNED NEW
DEBT MANAGEMENT SERVICES AGREEMENTS WITH THE LICENSEE DURING THE
PRECEDING CALENDAR YEAR;

(V)     THE HIGHEST NUMBER OF CONSUMERS IN THE STATE FOR
WHOM THE LICENSEE PROVIDED DEBT MANAGEMENT SERVICES UNDER A DEBT
MANAGEMENT SERVICES AGREEMENT DURING ANY MONTH IN THE PRECEDING
CALENDAR YEAR; AND

(VI)    THE AMOUNTS PAID BY CONSUMERS IN THE STATE TO THE
LICENSEE, BOTH IN TOTAL AND FOR EACH MONTH, DURING THE PRECEDING
CALENDAR YEAR, BROKEN DOWN BY:

1.       PAYMENTS TO BE DISBURSED TO CREDITORS; AND

2.       PAYMENTS FOR THE LICENSEE'S SERVICES.

(B) (1) WITHIN 15 DAYS AFTER THE OCCURRENCE OF ANY OF THE
FOLLOWING EVENTS, A LICENSEE SHALL FILE A WRITTEN REPORT WITH THE
COMMISSIONER DESCRIBING THE EVENT AND ITS EXPECTED IMPACT ON THE
LICENSEE'S ACTIVITIES IN THE STATE:

(I)      THE FILING FOR BANKRUPTCY OR REORGANIZATION BY THE
LICENSEE;

(II)     THE INSTITUTION OF A REVOCATION OR SUSPENSION
PROCEEDING AGAINST THE LICENSEE BY A GOVERNMENTAL AUTHORITY THAT IS
RELATED TO THE LICENSEE'S DEBT MANAGEMENT SERVICES BUSINESS IN ANY
STATE;

(III)   A FELONY INDICTMENT OR CONVICTION OF THE LICENSEE, OR
ANY OF ITS OFFICERS OR, DIRECTORS, OR DEBT MANAGEMENT COUNSELORS, THAT
IS RELATED TO THE LICENSEE'S DEBT MANAGEMENT SERVICES BUSINESS;

(IV)    THE COMMENCEMENT OF A CIVIL ACTION BY A CONSUMER
AGAINST THE LICENSEE, OR ITS OWNERS, OFFICERS, DIRECTORS, OR PRINCIPALS, OR
DEBT MANAGEMENT COUNSELORS, THAT IS RELATED TO THE LICENSEE'S DEBT
MANAGEMENT SERVICES BUSINESS; AND

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