Current as of January 01, 2020 | Updated by FindLaw Staff
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A licensee shall provide a report at least once every three months to each consumer who has entered into a debt management services agreement with the licensee. The report shall include the:
(a) Total amount received from the consumer to date;
(b) total amount paid to each creditor to date;
(c) total payoff amount or an estimated balance due to each creditor on any debt owed by the consumer;
(d) fees paid to the licensee by the consumer; and
(e) amount held in the trust account on behalf of the consumer, or statement that no amount is currently held.
Cite this article: FindLaw.com - Kansas Statutes Chapter 50. Unfair Trade and Consumer Protection § 50-1123. Same; licensee's report to consumer; required contents - last updated January 01, 2020 | https://codes.findlaw.com/ks/chapter-50-unfair-trade-and-consumer-protection/ks-st-sect-50-1123.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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