Common use of Disclose Clause in Contracts

Disclose. 1. The services to be provided; 2. The amount, or method of determining the amount, of all fees, individually itemized, to be paid by the debtor; 3. The schedule of payments to be made by or on behalf of the debtor, including the amount of each payment, the date on which each payment is due, and an estimate of the date of the final payment; 4. Whether a plan provides for regular periodic payments to creditors and, if a plan provides for regular periodic payments to creditors: a. Each creditor of the debtor to which payment will be made, the amount owed to each creditor, and any concessions the debt adjuster reasonably believes each creditor will offer; and b. The schedule of expected payments to each creditor, including the amount of each payment and the date on which it will be made; 5. Each creditor that the debt adjuster believes will not participate in the plan and to which the debt adjuster will not direct payment; 6. That the debt adjuster may terminate the agreement for good cause, upon return of unexpended money of the debtor; 7. That the debtor may cancel the agreement as provided in KRS 380.060; 8. That the debtor may contact the Attorney General with any questions or complaints regarding the debt adjuster; 9. The address, telephone number, and Internet address or Web site of the Attorney General; 10. That participation in a plan may not prevent litigation, garnishment, attachment, repossession, foreclosure, eviction, or loss of employment, and may not stop efforts to collect a debt from the debtor; 11. That failure to make required minimum payments to creditors may be breaking the terms of agreements with creditors, may lead creditors to increase finance charges and pursue litigation, may be reported to consumer reporting agencies, and may have an adverse effect on the debtor's credit report and credit score; 12. The earliest date by which the debt adjuster will contact each creditor to attempt to adjust the debtor's debts or, for settlement of unsecured debts, the estimated amount of money that shall be accumulated in savings before negotiations may begin; and 13. That fees paid to a debt adjuster will not be used to pay creditors;