Debt Relief Industry Regulation / Legislation

HB 1081 New State Debt Settlement Legislation Update

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The following legislation has been introduced in the state below. Please click the link for more information.

HB 1081


Financial institutions and consumer credit. Makes various changes to the laws concerning: (1) financial institutions; (2) first lien mortgage lenders; (3) persons regulated under the Uniform Consumer Credit Code, including payday lenders; (4) debt management companies; (5) pawnbrokers; (6) money transmitters; (7) rental purchase agreements; and (8) funeral trusts. Repeals provisions that do the following: (1) Allow a debtor to cancel an agreement with a debt management company before midnight of …

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READ  HB 2670 New State Debt Settlement Legislation Update

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