BILL · 2013–14 SESSION

HB 2384: Debt adjusting services

Concerning debt adjusting services.

Summary

  • Imposes limitations on who may act as a debt adjuster and who a debt adjuster may enroll in a debt adjustment contract.
  • Requires screening of debtors before enrollment.
  • Creates a "not-worse-off" remedy for debtors who did receive a tangible net benefit from a debt adjustment contract.
  • Limits fees that debt adjusters may charge to 15 percent of total savings to the debtor.
  • Requires annual reporting by debt adjusters.

From the House Bill Analysis 2014 (HB 2384), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 16, 2014
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Zack Hudgins (D-11)
Introduced
January 16, 2014 in the House
Last action
January 16, 2014
Budget
Has a fiscal note

AN ACT Relating to regulating debt adjusting services;

Sponsors

Prime sponsor: Zack Hudgins (D-11)

4 co-sponsors (4 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report).

HB 2384 in other sessions

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

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