Termination of agreements

Tenn. Code Ann. § 47-18-5526, under Uniform Debt-Management Services Act.

Tenn. Code Ann. § 47-18-5526

(a) If an individual who has entered into an agreement fails for sixty (60) days to make payments required by the agreement, a provider may terminate the agreement.

(b) If a provider or an individual terminates an agreement, the provider shall immediately return to the individual:(1) Any money of the individual held in trust for the benefit of the individual; and(2) Sixty-five percent (65%) of any portion of the set-up fee received pursuant to [former] § 47-18-5523(d)(2) [repealed] that has not been credited against settlement fees.

(1) Any money of the individual held in trust for the benefit of the individual; and

(2) Sixty-five percent (65%) of any portion of the set-up fee received pursuant to [former] § 47-18-5523(d)(2) [repealed] that has not been credited against settlement fees.