HB24-1251
Sunset Debt-Management Service Providers
| Type | Bill |
|---|---|
| Session | 2024 Regular Session |
| Subjects |
Concerning the continuation of functions related to the regulation of debt-management service providers, and, in connection therewith, implementing the recommendations in the 2023 sunset report by the department of regulatory agencies.
Bill Summary:
The act implements the recommendations in the 2023 sunset report by the department of regulatory agencies by:
- Continuing the regulation of debt-management service providers for 11 years, to 2035;
- Requiring a debt-management service provider to maintain records of the education provided to an individual;
- Requiring settlement agreements between a consumer and creditor to be in writing; and
- Requiring fees paid by debt-management service providers to be set administratively instead of through the rule-making process.
EFFECTIVE August 7, 2024
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24-1251 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 9-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24-1251 to the Committee on Appropriations. | The motion passed on a vote of 3-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24-1251 to the Committee of the Whole. | The motion passed on a vote of 7-4. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24-1251 to the Committee on Appropriations. | The motion passed on a vote of 10-0. | Vote summary |
| Activity | Vote | Documents |
|---|
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/17/2024 | Third Reading | BILL |
22
AYE
9
NO
4
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 03/11/2024 | Third Reading | BILL |
45
AYE
16
NO
4
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 05/22/2024 | Governor | Governor Signed |
| 05/03/2024 | Governor | Sent to the Governor |
| 05/02/2024 | Senate | Signed by the President of the Senate |
| 05/02/2024 | House | Signed by the Speaker of the House |
| 04/17/2024 | Senate | Senate Third Reading Passed - No Amendments |
| 04/16/2024 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 04/16/2024 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 04/10/2024 | Senate | Senate Committee on Judiciary Refer Unamended to Appropriations |
| 03/15/2024 | Senate | Introduced In Senate - Assigned to Judiciary |
| 03/11/2024 | House | House Third Reading Passed - No Amendments |
| 03/08/2024 | House | House Second Reading Special Order - Passed - No Amendments |
| 03/08/2024 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 02/28/2024 | House | House Committee on Judiciary Refer Unamended to Appropriations |
| 02/21/2024 | House | House Committee on Judiciary Witness Testimony and/or Committee Discussion Only |
| 02/12/2024 | House | Introduced In House - Assigned to Judiciary |
Prime Sponsor
Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/07/2024 | 226 | Sunset Debt-Management Service Providers |