Section 451.1237. Procedures; review; verification of receipts and disbursements.

(1) Each firm shall prepare and maintain a manual  detailing  the procedures for compliance with the act.

(2)  Each qualified person or trainee of the firm shall  be provided   with the manual.

(3)    An officer, partner, or sole proprietor, or a person under  the direct supervision of such a person, shall review the  following  at   least quarterly:

(a)  ) Debtors' accounts.

(b)   Checks paid by the firm.

(c)   ) Procedures for handling cash and checks of the firm.

(d)  The firm complaint file.

(e)   ) Selected creditor accounts to verify payment.

(f)  Selected counselor records and work papers of each counselor to verify the accuracy of counselor guidance to the debtor.

(4)   At least annually, the firm or its accountant shall verify the receipts and disbursements with the debtor.

History: 1979 AC.