Debt Management Services Act
Delaware Uniform Debt Management Services Act
On July 17, 2006, Governor Ruth Ann Minner signed into law the Delaware Uniform Debt Management Services Act (UDMSA) which became effective January 17, 2007. The Attorney General of the State of Delaware is responsible for issuing licenses, examining providers of debt management services and enforcing the UDMSA. The Director of Consumer Protection administers the UDMSA law by designation of the Attorney General.
Applicants for licensure as providers of debt management services are encouraged to review the UDMSA in its entirety and to consult with legal counsel.
Consumers are encouraged to consider the information in the link below when making decisions about debt management services.
The Delaware Uniform Debt Management Act (the “Act”) requires that an applicant for
registration provide evidence of accreditation by an independent accrediting organization
approved by the Attorney General. 6 Del. C. § 2406A(9).
These programs and organizations have been approved by the Attorney General to certify counselors providing debt-management services in accordance with the Act:
- British Standards Institution (BSI)
- Bureau Veritas
- Cherry Bekaert Advisory, LLC acting as representative of the Association for Consumer Debt Relief (ACDR)
- Counsel on Accreditation
- Eagle Registrations, Inc.
- International Association of Professional Debt Arbitrators (IAPDA)
Helpful Resources
Licensed Debt-Management Services Providers
Approved Counselor Certification Programs
Counselor Certification Program Request for Approval
Delaware Uniform Debt Management Services Act
Debt-Management Services Rules and Regulations
Accreditation Organization Request for Approval
