HF 1515

FIRST ENGROSSMENT

Debt management services regulated, and money appropriated.

Section 1: Scope language added.

Section 2: General language modified.

Section 3: Supervision over financial institutions language added.

Section 4: Assessment authority language modified.

Section 5: Telephone solicitation language added.

Section 6: Definitions language modified.

Section 7: Definitions provided.

Section 8: Requirement of registration language provided.

Section 9: Registration language provided.

Section 10: Nonassignment of registration language provided.

Section 11: Renewal of registration language added.

Section 12: Other duties of registrant language added.

Section 13: Denial of registration language added.

Section 14: Suspending, revoking, or refusing to renew registration language provided.

Section 15: Written debt management services agreement language provided.

Section 16: right to cancel language provided.

Section 17: Books, records, and information language provided.

Section 18: Fees, payments, and consent of creditors language provided.

Section 19: prohibitions language provided.

Section 20: Advertisement of debt management plans language provided.

Section 21: Debt management services agreement rescission language provided.

Section 22: Enforcement; remedies language provided.

Section 23: Investigation language provided.

Section 24: Appropriations provided.

Section 25: Repealer provided.

JAJ 3/23/7