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Legislative Year: 2024 Change
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Bill Detail: HB24-1251

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Title Sunset Debt-Management Service Providers
Status Governor Signed (05/22/2024)
Bill Subjects
  • Financial Services & Commerce
House Sponsors M. Snyder (D)
J. Mabrey (D)
Senate Sponsors J. Gonzales (D)
House Committee Judiciary
Senate Committee Judiciary
Date Introduced 02/12/2024
Summary

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

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (02/19/2024) (most recent)  
Additional Bill Documents Bill Documents
Including:
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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