HB 3188

Abstract

Prohibits person from engaging in business as debt buyer unless person first obtains certificate of registration from Department of Consumer and Business Services. Prescribes procedures for applying for certificate and basis on which Director of Department of Consumer and Business Services shall issue certificate. Requires debt buyer to send certain information to debtor who requests information in writing. Requires debt buyer that brings action to collect debt to have and be able to produce information. Provides that debt buyer or debt collector is not liable for unlawful collection practice if preponderance of evidence shows that unlawful collection practice was not intentional and resulted from bona fide error. Exempts debt buyer from definition of "collection agency." Becomes operative January 1, 2018. Declares emergency, effective on passage.