Fla. Stat. § 817.805

Current through the 2024 Legislative Session
Section 817.805 - Disbursement of funds

Any person engaged in debt management or credit counseling services shall disburse to the appropriate creditors all funds received from a debtor, less any fees permitted by s. 817.802 and any creditor contributions, within 30 days after receipt of such funds. However, a creditor contribution may not reduce any sums to be credited to the account of a debtor making a payment to the credit counseling agency for further payment to the creditor. Further, any person engaged in such services shall maintain a separate trust account for the receipt of any funds from debtors and the disbursement of such funds on behalf of such debtors.

Fla. Stat. § 817.805

s.1, ch. 2004-351; s.4, ch. 2006-136.