Kansas Statutes

Statute 50-1123: Same; registrant's report to consumer; required contents. A registrant shall provide a report at least once every three months to each consumer who has entered into a debt management services agreement with the registrant. 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 amount any creditor has agreed to accept as payment in full on any debt owed by the consumer;

      (d)   any fees paid to the registrant by the consumer; and

      (e)   any amount held in the trust account on behalf of the consumer.

      History:   L. 2004, ch. 22, § 8; July 1.