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Legislative Year: 2023 Change
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Bill Detail: HB23-1126

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Title Consumer Reports Not Include Medical Debt Information
Status Governor Signed (06/05/2023)
Bill Subjects
  • Business & Economic Development
House Sponsors N. Ricks (D)
R. Weinberg (R)
Senate Sponsors T. Exum Sr. (D)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 01/30/2023
Summary

Section 1 of the bill defines medical debt as any obligation or
alleged obligation of a consumer to pay any amount whatsoever arising
from the receipt of health-care goods or services.
Current law prohibits a consumer reporting agency from making
any consumer report containing any of certain items of information.
However, this prohibition does not apply to:
  • A credit transaction involving, or that may reasonably be
expected to involve, a principal amount of $150,000 or
more; or
  • The underwriting of life insurance involving, or that may
reasonably be expected to involve, a face amount of
$150,000 or more.
Section 2 eliminates both of these exceptions to the prohibition
and substitutes a new exception, which applies to a credit transaction
involving, or that may reasonably be expected to involve, a principal
amount that exceeds the national conforming loan limit value determined
annually by the federal housing finance agency. Section 2 also prohibits
a consumer reporting agency from making any consumer report
containing any information concerning medical debt.
Section 3 prohibits a debt collector or collection agency, when
attempting to collect medical debt or to obtain information about a
consumer in relation to an attempt to collect medical debt from:
  • Making a false or misleading representation that the
medical debt will be included in a consumer report or
factored into a consumer's credit score; or
  • Failing to disclose that the medical debt will not be
included in a consumer report and therefore not factored
into a consumer's credit score.
The bill makes exceptions to these prohibitions when the
information is used in connection with a credit transaction involving, or
that may reasonably be expected to involve, a principal amount that
exceeds the national conforming loan limit value determined annually by
the federal housing finance agency.

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