Persons engaged in debt adjusting -- Powers and prohibitions -Requirements for registration, audits, 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your personal information in the designated fields, including your name, address, and contact details. Ensure accuracy as this information is crucial for registration.
3. In the section regarding fees, clearly outline any fees you intend to charge. Remember that initial setup fees should not exceed $75 and consultation fees should not exceed $50 annually.
4. Complete the trust account section by providing details of your separate trust account where funds from debtors will be held. This is essential for compliance with regulations.
5. Fill out the audit arrangement section by indicating your chosen independent auditor. Ensure that they are a certified public accountant as required.
6. Review all entries for accuracy before submitting the form. Utilize our platform’s editing features to make any necessary adjustments easily.

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