A debt management service provider may not charge a debtor any fees or penalties except the following: (1) an initial counseling fee not to exceed $50 per debtor counseled; and (2) additional fees at the completion of the initial counseling services which shall not exceed $50 per month.
205 ILCS 665/12
Fees and charges of debt management service providers
Known as the Debt Management Service Act
The act spans §§ 205-665-1 to 205-665-9 (32 sections).
P.A. 96-1420, eff. 8-3-10.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.