451.423 Initial cost; permission of creditor; presumption.
(1) When a licensee establishes a financial obligation administration policy for a debtor, the licensee may charge and get a preliminary charge of $50.00.
(2) A licensee shall try to get permission to take part in a financial obligation administration plan from at the very least 51%, in quantity or buck quantity, for the debtorвЂ™s creditors within 90 times after developing your debt management plan. The licensee shall provide notice to the debtor of the lack of required consent and the debtor may, at its option, close the account if the required consent is not actually received by the licensee. Any unexpended funds shall be returned to the debtor or disbursed as directed by the debtor if the debtor decides to close the account.
451.424 Contract between debtor and licensee; demands.