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SCS/SB 597 - This act defines "reasonable consideration" that is allowed as remuneration for administering a debt management plan. Under such plans, debt adjusters may charge $50 as a set-up fee, and the greater of $35 per month or 8% of the amount distributed monthly to creditors. Debt adjusters must provide a $100,000 bond before administering a debt management plan. This act is similar to HB 329 (2007). CHRIS HOGERTY
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