Current through 2023-2024 Legislative Session Chapters 1-597, 604, 609, 612, 696, 697
Section 18-5-3.2 - Timing of disbursements to appropriate creditors; trust account required(a) Any person engaged in debt adjusting shall disburse to the appropriate creditors all funds received from a debtor, less any fees authorized by this chapter, within 30 days of receipt of such funds.(b) Any person engaged in debt adjusting shall maintain a separate trust account for the receipt of any and all funds from debtors and the disbursement of such funds on behalf of debtors.Added by 2003 Ga. Laws 103, § 5, eff. 7/1/2003.