Credit Counseling Organziations - Limit on Income from Debt Management Plans

 

Does the statute limit how much we can receive from debt management plan (DMP) services?

You are limited to 50 percent of total revenues in the amount of revenue that you receive from creditors participating in your program that is attributable to DMP services (for example, fair share payments). Amounts received from consumers for set-up and monthly fees are not included in this calculation. You also cannot solicit contributions from consumers during initial counseling process, or while consumer is receiving services from organization.