State Codes and Statutes

Statutes > Georgia > Title-18 > Chapter-5 > 18-5-3-2

O.C.G.A. 18-5-3.2 (2010)
18-5-3.2. Timing of disbursements to appropriate creditors; trust account required


(a) Any person engaged in debt adjusting shall disburse to the appropriate creditors all funds received from a debtor, less any fees authorized by this chapter, within 30 days of receipt of such funds.

(b) Any person engaged in debt adjusting shall maintain a separate trust account for the receipt of any and all funds from debtors and the disbursement of such funds on behalf of debtors.

State Codes and Statutes

Statutes > Georgia > Title-18 > Chapter-5 > 18-5-3-2

O.C.G.A. 18-5-3.2 (2010)
18-5-3.2. Timing of disbursements to appropriate creditors; trust account required


(a) Any person engaged in debt adjusting shall disburse to the appropriate creditors all funds received from a debtor, less any fees authorized by this chapter, within 30 days of receipt of such funds.

(b) Any person engaged in debt adjusting shall maintain a separate trust account for the receipt of any and all funds from debtors and the disbursement of such funds on behalf of debtors.

State Codes and Statutes

State Codes and Statutes

Statutes > Georgia > Title-18 > Chapter-5 > 18-5-3-2

O.C.G.A. 18-5-3.2 (2010)
18-5-3.2. Timing of disbursements to appropriate creditors; trust account required


(a) Any person engaged in debt adjusting shall disburse to the appropriate creditors all funds received from a debtor, less any fees authorized by this chapter, within 30 days of receipt of such funds.

(b) Any person engaged in debt adjusting shall maintain a separate trust account for the receipt of any and all funds from debtors and the disbursement of such funds on behalf of debtors.