Sunset Process - House Judiciary Committee. The bill
implements the recommendations in the 2023 sunset report by the department of regulatory agencies by:
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Continuing the regulation of debt-management service providers for 11 years, to 2035 (sections 1 and 2 of the bill);
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Requiring a debt-management service provider to maintain records of the education provided to an individual (section 3);
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Requiring settlement agreements between a consumer and creditor to be in writing (section 4); and
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Requiring fees paid by debt-management service providers to be set administratively instead of through the rule-making process (section 5).
