6-710

6-710. Prohibitions

It is unlawful for a licensee to:

1. Accept an account unless it appears on the basis of a reasonable budget
analysis, reduced to writing, that the debtor can reasonably meet the payments agreed
upon by the licensee and the debtor and that the agreed upon payment is sufficient to pay
the service charges to the licensee and the full amount of the proposed payments to
creditors as agreed upon by the licensee and debtor. The licensee shall retain the
written budget analysis for at least three years after the termination of the contract in
the files of the licensee. The licensee shall make the analysis available for inspection
by the superintendent, except that such a budget analysis is not deemed unreasonable if
facts which would prove it to be such were not furnished to the licensee by the debtor
upon request.

2. Unless agreed upon by the debtor, attempt to alter any scheduled payment listed
on the original application from the debtor to any figure other than the amount agreed
upon by the debtor and creditors in those cases when a contractual installment
exists. Acceptance of the proposed payment by the creditor shall not alter any rights
the creditor has under his original contract with the debtor.

3. Purchase from a creditor any obligation of a debtor.

4. Operate as a collection agent and as a licensee as to the same debtor's account.

5. Execute any contract or agreement to be signed by the debtor unless the contract
or agreement is fully and completely filled in.

6. Receive or charge any fee in the form of a promissory note or other promise to
pay or receive or accept any mortgage or other security for any fee either as to real or
personal property.

7. Pay any bonus or other consideration to any person for the referral of a debtor
to his business, nor accept or receive any bonus, commission or other consideration for
referring any debtor to any person for any reason.

8. Advertise his services, display, distribute, broadcast or televise or permit to
be displayed, advertised, distributed, broadcasted or televised his services in any
manner whatsoever in which any false, misleading or deceptive statement or representation
with regard to the services to be performed by the licensee or the charges to be made for
those services.