Debt Counseling Corp.
3033 Expressway Drive North
Hauppauge, NY 11749
Phone: 1.888.354.6332

State Disclosures

Arizona: Debt Counseling Corp. is NOT A LOAN COMPANY.
Kansas: Debt Counseling Corp. is a Licensed Debt Management Service Provider, registration number # CSO.0000038. The Kansas Office of the State Bank Commissioner will accept questions and complaints from consumers regarding debt Counseling Corp. at 700 SW Jackson, Suite 300, Topeka, Kansas, 66603 or by calling toll free 1-877-387-8532.
Illinois: Debt Counseling Corp. does not lend money.
Maryland: The Commissioner of Financial Regulation for the State of Maryland will accept all questions and complaints from Maryland residents regarding Debt Counseling Corp. License # 56 at 500 North Calvert St. Room 402, Baltimore, MD 21202, Phone # 1-888-784-0136.

Michigan: Debt Counseling Corp. is licensed and regulated by the Department of Insurance and Financial Services located at 110 W. Michigan Avenue Suite 400, Lansing, MI 48933. The contact number for the Department of Insurance and Financial Services is 877-999-6442. 

License # 14135

Disclosures specific to Michigan clients:

Section 13
When a licensee establishes a debt managment 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.

Section 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) Any 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.

2) Unless otherwise approved by the department and except for an amount due for 1 or more monthly fees or a close out fee, a licensee shall distribute to the creditors of the debtor, at least monthly, all money received from a debtor or on behalf of a debtor.

Section 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 notdistributed to creditors, and, as a penalty, an amount equal to the amount overcharged.

Mississippi: Debt Counseling Corp. is a Licensed Debt Management Services Provider.
New Jersey: Debt Counseling Corp. is Licensed by the New Jersey Department of Banking.
New York: Debt Counseling Corp. located at 3033 Express Drive North, Hauppauge, NY 11749 is a Licensed Budget Planner with the New York State Department of Financial Services.

Oregon: Debt Counseling Corp. is a registered by the Oregon Department of Consumer and Business Services, Registration No. DM-80004

Tennessee: Debt Counseling Corp. has two principal officers. Geraldine Napolitano - President & CEO and Carol A. Korth - Vice President & Corporate Secretary/Treasurer

Virginia:  Debt Counseling Corporation is licensed by the Virginia State Corporation Commission.  License # DC-43


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