WA People
BILL · 2011–12 SESSION · LATEST VERSION ESB 6155

SB 6155: Third-party account admins

Concerning the definition of debt adjusters. (REVISED FOR ENGROSSED: Concerning third-party account administrators. )

Summary

  • Provides that, for purposes of the Debt Adjusting Act, the term "debt adjuster" does not include third-party account administrators.
  • Includes any fee charged by a financial institution or a third-party account administrator in the total permissible fee for debt adjusting services and grants the Department of Financial Institutions (DFI) with enforcement authority over this requirement.
  • Requires that third-party account administrators be licensed as money transmitters and comply with other specified requirements.
  • Imposes recordkeeping requirements on third-party account administrators.
  • Requires any person or entity that provides debt adjusting services to submit information to the DFI.

From the Engrossed House Bill Report (ESB 6155), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 56, Laws of 2012
  1. IntroducedJan 12, 2012
  2. Out of committeeJan 26, 2012
  3. Passed SenateFeb 11, 2012
  4. Passed HouseMar 1, 2012
  5. GovernorMar 19, 2012
  6. LawMar 19, 2012
Prime sponsor
Derek Kilmer (D-26)
Introduced
January 12, 2012 in the Senate
Last action
March 19, 2012
Session law
Chapter 56, Laws of 2012
Companion bill
HB 2383
Budget
Has a fiscal note
Versions
ESB 6155, SSB 6155

AN ACT Relating to third-party account administrators;

Sponsors

Prime sponsor: Derek Kilmer (D-26)

7 co-sponsors (5 Democrats, 2 Republicans)

Mike Carrell R-28Steve Hobbs D-44Jim Kastama D-25Debbie Regala D-27Joe Fain R-47Steve Conway D-29Karen Keiser D-33

Votes

Senate · 3rd Reading & Final Passage

Passed February 11, 2012
Version voted on: ESB 6155
46 Yea 1 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat26001
Republican20101
How each member voted

Excused (2)

Permalink to this vote

House · Final Passage as Amended by the House

Passed March 1, 2012
Version voted on: ESB 6155
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican41001
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 3, 2012
Version voted on: ESB 6155
45 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat23004
Republican22000
How each member voted
Permalink to this vote

History

  1. Effective date 6/7/2012. (ESB 6155)
  2. Chapter 56, 2012 Laws. (ESB 6155)
  3. Governor signed. (ESB 6155)
  4. Speaker signed. (ESB 6155)
  5. Delivered to Governor. (ESB 6155)
  6. President signed. (ESB 6155)
  7. Senate concurred in House amendments. (ESB 6155)
  8. Passed final passage; yeas, 45; nays, 0; absent, 0; excused, 4. (ESB 6155)
  9. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. (ESB 6155)
  10. Rules suspended. Placed on Third Reading. (ESB 6155)
  11. Floor amendment(s) adopted. (ESB 6155)
  12. Rules Committee relieved of further consideration. Placed on second reading. (ESB 6155)
  13. BFS - Executive action taken by committee. (ESB 6155)
  14. Referred to Rules 2 Review. (ESB 6155)
  15. Minority; do not pass. (ESB 6155)
  16. BFS - Majority; do pass. (ESB 6155)
  17. First reading, referred to Business & Financial Services. (ESB 6155)
  18. 1st substitute bill not substituted. (SSB 6155)
  19. Third reading, passed; yeas, 46; nays, 1; absent, 0; excused, 2. (ESB 6155)
  20. Rules suspended. Placed on Third Reading. (ESB 6155)
  21. Floor amendment(s) adopted. (ESB 6155)
  22. 1st substitute bill not substituted. (ESB 6155)
  23. Placed on second reading by Rules Committee. (SSB 6155)
  24. Placed on second reading by Rules Committee. (ESB 6155)
  25. Passed to Rules Committee for second reading. (SSB 6155)
  26. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 6155)
  27. FIHI - Majority; 1st substitute bill be substituted, do pass. (ESB 6155)
  28. Passed to Rules Committee for second reading. (ESB 6155)
  29. First reading, referred to Financial Institutions, Housing & Insurance. (ESB 6155)

SB 6155 in other sessions

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

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