BILL · 2011–12 SESSION · LATEST VERSION SHB 2383

HB 2383: Debt adjuster

Concerning the definition of debt adjusters.

Summary

  • Exempts third-party account administrators from regulation as debt adjusters.
  • Provides that the total permissible fee for debt adjusting services include fees charged by a financial institution and a third-party account administrator.
  • Imposes requirements on third-party account administrators, including requirements related to licensing as a money transmitter, the amount and timing of fees and payments, relationships with debt adjusters, contract disclosures, and withdrawal from the service.
  • Provides that violation of the requirements imposed on third-party account administrators is a violation of the Consumer Protection Act.

From the House Bill Report (HB 2383), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 12, 2012
  2. Out of committeeJan 31, 2012
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Troy Kelley (D-28)
Introduced
January 12, 2012 in the House
Last action
April 11, 2012
Companion bill
ESB 6155
Versions
HB 2383, SHB 2383

AN ACT Relating to the definition of debt adjuster;

Sponsors

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status. (SHB 2383)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SHB 2383)
  4. By resolution, reintroduced and retained in present status.
  5. Referred to Rules 2 Review. (SHB 2383)
  6. Minority; do not pass. (SHB 2383)
  7. BFS - Majority; 1st substitute bill be substituted, do pass. (SHB 2383)
  8. BFS - Majority; 1st substitute bill be substituted, do pass.
  9. Minority; do not pass.
  10. Referred to Rules 2 Review.
  11. BFS - Executive action taken by committee.
  12. First reading, referred to Business & Financial Services.

HB 2383 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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