Section 81-22-13 - [Repealed Effective 7/1/2026] Fees charged to the consumerA debt service management provider may only charge a consumer the following fees for providing debt management services:
(a) A maintenance fee not to exceed Thirty Dollars ($30.00) per month after a consumer has received a free initial counseling session;(b) A one-time setup fee not to exceed Seventy-five Dollars ($75.00);(c) A fee for obtaining the consumer's credit report not to exceed Fifteen Dollars ($15.00) for an individual report or Twenty-five Dollars ($25.00) for a joint report;(d) A fee not to exceed Fifty Dollars ($50.00) for educational courses/products that will assist the consumer in achieving financial stability. Products shall be educational in nature and may include, but not be limited to, the following topics: Home Buyer Education, Financial Literacy Education, and Credit Report Review. However, the consumer must be informed that those courses and products are not a mandatory condition to receive debt management services; and(e) A bankruptcy consultation fee, not to exceed Fifty Dollars ($50.00) per consumer, may be charged by nonprofit credit counseling agencies approved by the U.S. Trustees pursuant to 11 USC Section 111. Laws, 2003, ch. 465, § 7; reenacted and amended, Laws, 2006, ch. 398, § 7; reenacted and amended, Laws, 2010, ch. 396, § 7, eff. 7/1/2010.Reenacted without change by Laws, 2022, ch. 312, HB 687,§ 7, eff. 7/1/2022.Reenacted without change by Laws, 2019, ch. 323, HB 800,§ 7, eff. 7/1/2019.Reenacted by Laws, 2016, ch. 345, HB 470, 7, eff. 7/1/2016.Reenacted without change by Laws, 2015, ch. 325, HB 1401, 7, eff. 7/1/2015.Reenacted without change by Laws, 2013, ch. 348, SB 2557, 7, eff. 7/1/2013.