2007 Regular Session

SENATE BILL 367

File Code: Commercial Law - Credit Regulation Prior Year Introduction As: SB 673/06
Sponsored By:
Senators Astle, Edwards, Garagiola, Kelley, Kittleman, Klausmeier, Middleton, and Pugh
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, that the debt management services are suitable for the consumer and that the consumer will be able to meet the obligations of the debt management services agreement; etc.

History by Legislative and Calendar Date

Senate Action
2/1
First Reading Finance
Hearing 2/13 at 2:00 p.m.
2/20
Favorable Report by Finance
2/21
Favorable
Special Order 2/22 (Senator Mooney) Adopted
2/23
Favorable Report Adopted
Floor Amendment (Senator Lenett) Adopted
Floor Amendment (Senator Lenett) Adopted
Second Reading Passed with Amendments
2/27
Third Reading Passed (39-8)
House Action
2/28
First Reading Economic Matters

Sponsored by:

Senator John C. Astle, District 30
Senator George C. Edwards, District 1
Senator Rob Garagiola, District 15
Senator Delores G. Kelley, District 10
Senator Allan H. Kittleman, District 9
Senator Katherine Klausmeier, District 8
Senator Thomas M. Middleton, District 28
Senator Catherine E. Pugh, District 40

Bill indexed under the following Subjects:

Bankruptcy
Consumer Protection -see also- Unfair Trade Practices
Counselors -see also- Social Workers
Credit
Debt Collection -see also- Attachments and Garnishments
Disclosure
Education -see also- Driver Ed; Higher Ed; Special Ed; etc
Financial Regulation, Division of
Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses
Notices
Records -see also- Land Records; Vital Records
Reports

Bill affects the following Statutes:

Financial Institutions
( 12-901 , 12-905 , 12-907 , 12-908 , 12-908 , 12-916 , 12-916 , 12-921 , 12-922 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 273126/03     Offered on: February 23, 2007   at: 11:51 a.m.     Status: Adopted
Number: 923329/01     Offered on: February 23, 2007   at: 11:53 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
February 27, 2007: Third Reading Passed (39-8)