Requirements for debt relief agencies

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires: (a) A debt relief agency shall… (1) not later than 5 business days after the first date on which such agency provides any bankruptcy assistance services to an assisted person, but prior to such assisted person’s petition under this title being filed, execute a written contract with such assisted person that explains clearly and conspicuously– (A) the services such agency will provide to such assisted person; and (B) the fees or charges for such services, and the terms of payment; (2) provide the assisted person with a copy of …

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