SB 2412: Debt Settlement Services Act [CPSC]
GENERAL BILL by Bennett
Debt Settlement Services Act [CPSC]; Creates said act. Requires that a person be licensed if he or she intends to provide or offers to provide debt settlement services to a client who resides in this state. Provides for an application form and requires a fee and proof of an insurance policy or a surety bond. Requires the debt settlement advisor to provide certain documents to a prospective client before signing a debt settlement services agreement, etc.
Effective Date: 07/01/2009
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Governmental Oversight and Accountability
Bill Text: Web Page | PDF
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Governmental Oversight and Accountability
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/27/2009 | Senate |
• Filed |
| 3/12/2009 | Senate |
• Referred to Banking and Insurance; Judiciary; Governmental Oversight and Accountability; General Government Appropriations -SJ 00190 |
| 3/19/2009 | Senate |
• Introduced -SJ 00190 |
| 4/8/2009 | Senate |
• On Committee agenda-- Banking and Insurance, 04/14/09, 4:00 pm, 412-K |
| 4/14/2009 | Senate |
• Favorable by Banking and Insurance; YEAS 8 NAYS 0 -SJ 00395 |
| 4/15/2009 | Senate |
• Now in Judiciary -SJ 00395 |
| 4/16/2009 | Senate |
• On Committee agenda-- Judiciary, 04/21/09, 9:15 am, 110-S |
| 4/21/2009 | Senate |
• Favorable by Judiciary; YEAS 9 NAYS 0 -SJ 00455; Now in Governmental Oversight and Accountability -SJ 00455 |
| 5/2/2009 | Senate |
• Indefinitely postponed and withdrawn from consideration; Died in Committee on Governmental Oversight and Accountability |