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About Apprisen

Licensing and Disclosures

Apprisen is able to provide Debt Management Counseling in all 50 states and the District of Columbia. Although we assist clients in all states, only some states provide a license number when issuing the license to counsel.

 

State Disclosures

Arizona

APPRISEN IS NOT A LOAN COMPANY.

Colorado

The establishment of a Debt Management Plan may adversely affect the individual's credit rating or credit scores and nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation.

Delaware

The establishment of a Debt Management Plan may adversely affect the individual's credit rating or credit scores and nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation.

Illinois

We do not lend money.

Indiana

We do not lend money.

Maryland

The Commissioner of Financial Regulation for the State of Maryland will accept any questions and complaints from Maryland residents regarding Consumer Credit Counseling Service of the Midwest, Inc. d/b/a Apprisen, License # 63 at 500 North Calvert St. Suite 402, Baltimore, MD 21202-3651, phone 888.784.0136.

Michigan

IN ACCORDANCE WITH RULES PROMULGATED BY THE DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES, WE ARE REQUIRED TO INFORM YOU OF THE FOLLOWING PROVISIONS OF ACT NO. 148 OF THE PUBLIC ACTS OF 1975, KNOWN AS THE DEBT MANAGEMENT ACT:

Sec. 13. (1) When a licensee establishes a debt management plan for a debtor, the licensee may charge and receive an initial fee of $50.00. 

(2)  A licensee shall attempt to obtain consent to participate in a debt management plan from at least 51%, in number or dollar amount, of the debtor’s creditors within 90 days after establishing the debt management plan. If the required consent is not actually received by the licensee, the licensee shall provide notice to the debtor of the lack of required consent and the debtor may, at its option, close the account. If the debtor decides to close the account, any unexpended funds shall be returned to the debtor or disbursed as directed by the debtor.

Sec. 14. (1) A contract between a licensee and debtor shall include all of the following: (a) Each creditor to which payments will be made and the amount owed each creditor. A licensee may rely on records of the debtor and other information available to it to determine the amount owed to a creditor. (b) The total amount of the licensee's charges. (c) The beginning and termination dates of the contract. (d) The principal amount and approximate interest charges of the debtor’s obligations to be paid under the debt management plan. (e) The name and address of the licensee and of the debtor. (f) Other provisions or disclosures that the director determines are necessary for the protection of the debtor and the proper conduct of business by a licensee.

Sec. 18. (1) In addition to the fee described in section 13(1), a licensee may charge a reasonable fee for providing debt management services under a debt management plan. The fee under this subsection shall not exceed 15% of the amount of the debt to be liquidated during the express term of the plan. (2) A licensee may offer a debtor the option to purchase credit reports or educational materials and products, and charge a fee to the debtor if the debtor elects to purchase any of those items from the licensee. Fees charged under this subsection are not subject to the 15% limitation on fees described in subsection (1). (3) Except for a cancellation described in subsection (4), in the event of cancellation of or default in the performance of the contract by the debtor before its successful completion, a licensee may collect $25.00 in addition to any fees and charges of the licensee previously received by the licensee. This $25.00 fee is not subject to the 15% limitation on fees and charges under subsection (1). (4) A contract is in effect when it is signed by the licensee and the debtor and the debtor has made a payment of any amount to the licensee. The debtor has the right to cancel the contract until 12 midnight of the third business day after the first day the contract is in effect by delivering written notice of cancellation to the licensee. A cancellation described in this section is not subject to, and a licensee shall not collect, the fee described in subsection (3). (5) If a debtor fails to make a payment of any amount to a licensee within 60 days after the date a payment is due under a contract, the licensee may, in its discretion, cancel the debt management contract if it determines that the plan is no longer suitable for the debtor, the debtor fails to affirmatively communicate to the licensee the debtor’s desire to continue the plan, or the creditors of the debtor refuse to continue accepting payments under the plan. (6) A licensee shall not contract for, receive, or charge a debtor an amount greater than authorized by this act. A person that violates this subsection, except as the result of an inadvertent clerical or computer error, shall return to the debtor the amount of the payments received from or on behalf of the debtor and not distributed to creditors, and, as a penalty, an amount equal to the amount overcharged.

Questions or Complaints? Please contact the Department of Insurance and Financial Services:
PO Box 30220 Lansing, MI 48909-7720
(877) 999-6442

Mississippi

Licensed Debt Management Services Provider.

New York

Licensed by the State of New York Banking Department.

Nevada

The establishment of a Debt Management Plan may adversely affect the individual's credit rating or credit scores and nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation.

Rhode Island

The establishment of a Debt Management Plan may adversely affect the individual's credit rating or credit scores and nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation.

Tennessee

The establishment of a Debt Management Plan may adversely affect the individual’s credit rating or credit scores and nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation.

Utah

The establishment of a Debt Management Plan may adversely affect the individual’s credit rating or credit scores and nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation.

Vermont

Licensed in Vermont by the Department of Banking, Insurance and Health Care Administration.

Virginia

Apprisen is licensed by the Virginia State Corporation Commission.

 

Name Disclosures

Corporate Name: Consumer Credit Counseling Service of the Midwest, Inc.

Also operates as: Apprisen, Apprisen Financial Advocates

 

Apprisen is located at:

690 Taylor Road
Suite 150
Gahanna, Ohio 43230
800.355.2227
info@apprisen.com

 

 In accordance with IRS regulations, Apprisen's form 990 is available for inspection and copying upon request.

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