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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 6.2. Financial Institutions and Services |
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SUBTITLE III. Other Regulated Providers of Financial Services |
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CHAPTER 20. Agencies Providing Debt Management Plans |
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SECTION 6.2-2015. Fees and contributions |
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For establishing and maintaining a DMP, a licensee may charge or receive fees or contributions in an amount not to exceed the following: (i) $75 for a set-up fee; and (ii) a monthly maintenance fee of 15 percent of the total amount disbursed, but in no event more than $60 per month. |