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Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Governmental Oversight and Accountability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Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Governmental Oversight and Accountability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
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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5/2/2009 Senate • Indefinitely postponed and withdrawn from consideration; Died in Committee on Governmental Oversight and Accountability
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SB 2412, Original Filed Version (Current Bill Version) Posted 2/27/2009 at 12:01 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Post-Meeting) 3/27/2009 (pdf)
Judiciary (Post-Meeting) (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location H 1045 (c1) Debt Settlement Hudson Similar Last Action: 5/2/2009 H Indefinitely postponed and withdrawn from consideration; Died in Committee on Civil Justice & Courts Policy (CCJP)
Location:Committee Votes (2)
Date Committee Result 4/14/2009 4:00 PM Banking and Insurance 8 Yeas - 0 Nays 4/21/2009 9:15 AM Judiciary 9 Yeas - 0 Nays