Mich. Admin. Code R. 451.1226

Current through Vol. 24-24, January 15, 2025

Section R. 451.1226 - Debt management contract; budget analysis format; creditors agreement form

Rule 6.

(1) The applicant shall file a copy of its proposed debt management contract for debtors at the time of filing its application for review and acceptance by the department.

(2) The applicant shall file a copy of its proposed budget analysis format with the department.

(3) A true copy of the budget analysis must be provided to each debtor before a contract is signed.

(4) The applicant shall file a copy of its proposed creditor's agreement form with the department.

Mich. Admin. Code R. 451.1226

1979 AC; 2020 MR 17, Eff. 9/3/2020