Skip to main content

How should the initial (setup) fee, cancellation fee, and the cancellation provisions be disclosed in the Debt Management Plan (DMP) Contract?

The DMP contract shall include the initial (setup), cancellation fee provisions and amounts in bold type as required by Rule 20(1). The cancellation fee must be stated, even if the amount is zero. In addition, the contract must include the debtor’s right to cancel provision stated in Section 18(4) of the Act.