SENATE BILL 673

Sponsored By:

Senator Astle

Entitled:

Credit Regulation - Debt Management Services

Synopsis:

Authorizing a person that is not a nonprofit organization to provide debt management services in the State; requiring a person that is licensed to provide debt management services to provide a specified notice to a consumer and make a determination, before providing debt management services for a consumer, about whether the debt management services are suitable for the consumer and the consumer's ability to meet the obligations of the debt management services agreement; etc.

History by Legislative Date

Senate Action

2/3

First Reading Finance

2/15

Hearing 2/28 at 1:00 p.m.

3/6

Favorable with Amendments Report by Finance

3/7

Favorable with Amendments

Laid Over (Senator Pinsky) Adopted

3/8

Favorable with Amendments

Special Order later today (Senator Grosfeld) Adopted

Favorable with Amendments

Special Order 3/9 (Senator Grosfeld) Adopted

3/9

Favorable with Amendments Report Adopted

Floor Amendment (Senator Grosfeld) Adopted

Second Reading Passed with Amendments

3/13

Third Reading Passed (29-18)

House Action

3/14

First Reading Economic Matters

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

CREDIT

DEBT COLLECTION -see also- ATTACHMENTS AND GARNISHMENTS

DISCLOSURE

LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES

NOTICES

Bill affects the following Statutes:

Financial Institutions

( 12-901 , 12-905 , 12-907 , 12-908 , 12-908 , 12-916 , 12-916 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments (Displayed in WordPerfect 8 Format):

Senate

Number: 307178/01 (PDF)     Offered on: March 9, 2006   at: 12:05 p.m.     Status: Adopted

Number: 753920/01 (PDF)     Offered on: March 9, 2006   at: 12:18 p.m.     Status: Adopted

Roll Call Vote (Legislative date is shown):

Senate

March 13, 2006: Third Reading Passed (29-18)