7.__The following notice:

NOTICE TO CONSUMER: Do not sign this agreement before you read it.__You are entitled to a copy of this agreement.

§12-303.__Reports and records

1.__A debt management service shall provide to each consumer receiving debt management services periodic written reports accounting for funds received from the consumer for payment to the consumer's creditors whose obligations are listed in the consumer's agreement with the debt management service and disbursements made to each such creditor on such consumer's behalf by the debt management service since the last report.__The debt management service shall provide such reports to the consumer not less than once each calendar quarter.

2.__A debt management service shall maintain books and records for each consumer for whom it provides debt management services for 3 years following the final transaction with the consumer.

§12-304.__Prohibited acts

A debt management service registered with the State may not:

1.__Purchase any debt or obligation of a consumer;

2.__Lend money or provide credit to any consumer;

3.__Obtain a mortgage or other security interest in property of a consumer; or

4.__Operate as a debt collector in the State, as defined in Title 32, section 11002, subsection 6.

§12-305.__Advertising

1.__A debt management service may not engage in this State in false or misleading advertising concerning the terms and conditions of any services or assistance offered.

2.__This section imposes no liability on the owner or personnel of any medium in which an advertisement appears or through which it is disseminated.