Common use of Required Terms Clause in Contracts

Required Terms. (a) Each debt management services agreement must contain the following terms, which must be disclosed prominently and clearly in bold print on the front page of the agreement, segregated by bold lines from all other information on the page: (1) the origination fee amount to be paid by the debtor and whether all or a portion of the origination fee is refundable or nonrefundable; (2) the monthly fee amount or percentage to be paid by the debtor; and (3) the total amount of fees reasonably anticipated to be paid by the debtor over the term of the agreement.

Appears in 4 contracts

Samples: Debt Management Services Agreement, Debt Management Services Agreement, Debt Management Services Agreement

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