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Glossary of Legislative Terms

CS/SB 336: Debt Settlement Services

GENERAL BILL by Banking and Insurance ; Richter ; (CO-INTRODUCERS) Gaetz

Debt Settlement Services; Requiring that debt settlement services be provided pursuant to a debt settlement plan; requiring a debt settlement provider to make certain disclosures to the debtor before a debtor consents to payment; prohibiting a debt settlement provider from making certain misrepresentations to a debtor; providing certain conditions that a debt settlement provider must meet before receiving payment; providing that a debtor may withdraw any account funds placed with a debt settlement provider at any time without penalty; extending auditing and insurance requirements to persons providing debt settlement services; authorizing a debt settlement provider to hold funds in order to allow the funds to accumulate, etc.

Effective Date: 7/1/2012
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Budget (BC)


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Bill History

Date Chamber Action
9/21/2011 Senate • Filed
10/18/2011 Senate • Referred to Banking and Insurance; Commerce and Tourism; Budget -SJ 33
11/22/2011 Senate • On Committee agenda-- Banking and Insurance, 12/07/11, 9:30 am, 412 Knott Building --Not Considered
1/10/2012 Senate • Introduced -SJ 33
1/13/2012 Senate • On Committee agenda-- Banking and Insurance, 01/19/12, 8:00 am, 412 Knott Building
1/19/2012 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 264
1/23/2012 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
1/24/2012 Senate • Now in Commerce and Tourism -SJ 264
• CS by Banking and Insurance read 1st time -SJ 269
3/9/2012 Senate • Died in Commerce and Tourism