Legislative Session number- 85

Bill Name: HF1515

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