BILL · 2015–16 SESSION · LATEST VERSION SSB 5485

SB 5485: Debt adjusters

Concerning debt adjusters.

Summary

  • Permits nonprofit debt adjusters regulated by the Debt Adjusting Act to receive contributions from creditors of their clients.
  • Requires nonprofit debt adjusters to report to the Department of Financial Institutions.

From the Substitute House Bill Report (SSB 5485), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 22, 2015
  2. Out of committeeFeb 13, 2015
  3. Passed SenateMar 3, 2015
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Steve Hobbs (D-44)
Introduced
January 22, 2015 in the Senate
Last action
March 10, 2016
Companion bill
HB 1283
Versions
SB 5485, SSB 5485

AN ACT Relating to debt adjusters;

Sponsors

Prime sponsor: Steve Hobbs (D-44)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

Senate · 3rd Reading & Final Passage

Passed March 3, 2015
Version voted on: SSB 5485
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican24001
How each member voted

History

  1. By resolution, reintroduced and retained in present status. (SSB 5485)
  2. Senate Rules "X" file. (SSB 5485)
  3. By resolution, reintroduced and retained in present status. (SSB 5485)
  4. By resolution, reintroduced and retained in present status. (SSB 5485)
  5. By resolution, reintroduced and retained in present status. (SSB 5485)
  6. By resolution, reintroduced and retained in present status. (SSB 5485)
  7. By resolution, returned to Senate Rules Committee for third reading. (SSB 5485)
  8. Referred to Rules 2 Review. (SSB 5485)
  9. BFS - Majority; do pass with amendment(s). (SSB 5485)
  10. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report). (SSB 5485)
  11. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (SSB 5485)
  12. Rules suspended. Placed on Third Reading. (SSB 5485)
  13. 1st substitute bill substituted. (SSB 5485)
  14. 1st substitute bill substituted.
  15. Placed on second reading by Rules Committee. (SSB 5485)
  16. Placed on second reading by Rules Committee.
  17. Made eligible to be placed on second reading. (SSB 5485)
  18. Made eligible to be placed on second reading.
  19. FI - Majority; 1st substitute bill be substituted, do pass. (SSB 5485)
  20. Passed to Rules Committee for second reading. (SSB 5485)
  21. Passed to Rules Committee for second reading.
  22. FI - Majority; 1st substitute bill be substituted, do pass.
  23. First reading, referred to Financial Institutions & Insurance.

SB 5485 in other sessions

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

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