GEORGIA CODE (Last Updated: August 20, 2013)

Section 18-5-3.2. Timing of disbursements to appropriate creditors; trust account required

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(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.

Code 1981, § 18-5-3.2, enacted by Ga. L. 2003, p. 392, § 5.

                    
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