Illinois Compiled Statutes 205 ILCS 665/12 – Fees and charges of debt management service providers
Current as of: 2024 | Check for updates
|
Other versions
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
(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.
|
Terms Used In Illinois Compiled Statutes 205 ILCS 665/12
- Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10