Iris Y. Martinez
- Democratic
Primary
Amends the Debt Management Service Act and renames the Act to the Debt Relief and Consumer Protection Act, including all cross-references in various other Acts. Changes the requirements for a license to include someone who operates a debt relief service (instead of debt management service). Changes the requirements concerning the (1) application for, (2) qualification for, (3) examination of, (4) renewal of, (5) fees for, and (6) revocation or suspension of a license from the Department of Financial and Professional Regulation. Changes provisions concerning the display and location of a license. Adds provisions concerning a written debt relief agreement between a debtor and licensee. Adds (1) disclosure requirements, (2) required terms, (3) accounting, and (4) the debtor's right to cancel with respect to debt relief services. Changes provisions concerning prohibited actions by a licensee. Adds provisions concerning the advertisement and solicitation of debt relief services. Requires the Department to post an annual report concerning debt relief agencies. Makes other changes. Effective immediately.
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Session Sine Die
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee/3rd Reading Deadline Established As April 15, 2010
Postponed - Financial Institutions
Senate Committee Amendment No. 1 Postponed - Financial Institutions
Senate Committee Amendment No. 2 Referred to Assignments
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Terry Link
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
Rule 2-10 Committee Deadline Established As March 19, 2010
Postponed - Financial Institutions
Added as Chief Co-Sponsor Sen. Linda Holmes
Assigned to Financial Institutions
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
First Reading
Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
Referred to Assignments
Filed with Secretary by Sen. Iris Y. Martinez
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
|---|---|
| Senate Amendment 002 | |
| Senate Amendment 001 |
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