SB 2933

Abstract

Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it is an unlawful practice within the meaning of the Act for a consumer reporting agency: (1) to make, create, or furnish any consumer report or credit report containing, incorporating, or reflecting any adverse information that the consumer reporting agency knows or should know relates to medical debt incurred by the consumer or a collection action against the consumer to collect medical debt; and (2) to maintain in the file on a consumer any information relating to medical debt incurred by a consumer or a collection action against the consumer to collect medical debt. Senate Committee Amendment No. 1 Provides that the definition of "medical debt" does not include debt charged to a credit card, but does include an open-end or closed-end extension of credit made by a financial institution to a borrower that may be used by the borrower solely for the purpose of the purchase of health care services. Senate Floor Amendment No. 2 Provides that the definition of "medical debt" does not include debt charged to a credit card or an open-end or close-end extension of credit made by a financial institution to a borrower (rather than does include an open-end or closed-end extension of credit made by a financial institution to a borrower) unless the open-end or close-end extension of credit may be used by the borrower solely for the purpose of the purchase of health care services.