2008 Regular Session

SENATE BILL 646

CHAPTER NUMBER: 605
File Code: Commercial Law - Credit Regulation Prior Year Introduction As: SB 367/07 Crossfiled with: HOUSE BILL 947
Sponsored By:
Senators Astle, Garagiola, Kelley, 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 to 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

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
2/1
First Reading Finance
2/6
Hearing 2/27 at 1:00 p.m.
3/3
Favorable with Amendments Report by Finance
3/4
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/6
Third Reading Passed (41-5)
4/2
Returned Passed
House Action
3/7
First Reading Economic Matters
3/25
Hearing 4/1 at 1:00 p.m.
4/5
Favorable Report by Economic Matters
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (124-12)
Action after passage in Senate and House
5/22
Approved by the Governor
- Chapter 605

Sponsored by:

Senator John C. Astle, District 30
Senator Rob Garagiola, District 15
Senator Delores G. Kelley, District 10
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, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 117478/01     Offered on: March 4, 2008   at: 11:26 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 6, 2008: Third Reading Passed (41-5)
House
April 1, 2008: Third Reading Passed (124-12)