Debt management licensees can receive fees if they alter debt terms and the debtor makes a payment.

The bill modifies debt management program rules, allowing licensees to receive fees if they renegotiate, resolve, reduce, or alter debt terms and the debtor makes a payment. It removes certain restrictions on fees and third-party consideration. It also mandates that licensees maintain separate accounts for debtor payments intended for creditors.

Debt management licensees can receive fees if they alter debt terms and the debtor makes a payment.

The bill modifies debt management program rules, allowing licensees to receive fees if they renegotiate, resolve, reduce, or alter debt terms and the debtor makes a payment. It removes certain restrictions on fees and third-party consideration. It also mandates that licensees maintain separate accounts for debtor payments intended for creditors.