HB 23-1126 CO

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Became Law

The act prohibits debt collectors and collection agencies, when attempting to collect debt that they know or should know is medical debt or to obtain information about a consumer in relation to an attempt to collect medical debt, from making a false, deceptive, or misleading representation that the medical debt will be included in a consumer report or factored into a consumer's credit score unless the information is used in connection with a credit transaction involving, or that may reasonably be expected to involve, a principal amount that exceeds the national conforming loan limit value determined annually by the federal housing finance agency. "Medical debt" is debt arising from health-care services or health-care goods, including products, devices, durable medical equipment, and prescription drugs. The act also prohibits a consumer reporting agency from making any consumer report containing any adverse information that the agency knows or should know concerns medical debt. The department of revenue is required to study the effect of prohibiting medical debt reporting and, on or before January 1, 2028, report its conclusions from the study to certain legislative committees. In its initial written communication to a consumer, a debt collector or collection agency is required to include a statement regarding the new prohibitions. Current law prohibits a consumer reporting agency from reporting certain types of information. However, the prohibition does not apply to: A credit transaction involving, or that may reasonably be expected to involve, a principal amount of $150,000 or more; or The underwriting of life insurance involving, or that may reasonably be expected to involve, a face amount of $150,000 or more. The act eliminates both of these exceptions to the prohibition and substitutes a new exception, which applies to a credit transaction involving, or that may reasonably be expected to involve, a principal amount that exceeds the national conforming loan limit value for a one-unit property as determined annually by the federal housing finance agency. APPROVED by Governor June 5, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

• Naquetta Ricks Democratic · primary
• Ron Weinberg Republican · primary
• Tony Exum Democratic · primary

1. Jun 5, 2023 Governor Signed · executive
2. May 22, 2023 Sent to the Governor · executive
3. May 22, 2023 Signed by the President of the Senate · upper
4. May 22, 2023 Signed by the Speaker of the House · lower
5. Apr 13, 2023 House Considered Senate Amendments - Result was to Concur - Repass · lower
6. Apr 6, 2023 House Considered Senate Amendments - Result was to Laid Over Daily · lower
7. Apr 5, 2023 House Considered Senate Amendments - Result was to Laid Over Daily · lower
8. Apr 4, 2023 House Considered Senate Amendments - Result was to Laid Over Daily · lower
9. Apr 3, 2023 House Considered Senate Amendments - Result was to Laid Over Daily · lower
10. Apr 1, 2023 House Considered Senate Amendments - Result was to Laid Over Daily · lower
11. Mar 31, 2023 Senate Third Reading Passed with Amendments - Floor · upper
12. Mar 30, 2023 Senate Third Reading Laid Over Daily - No Amendments · upper
13. Mar 29, 2023 Senate Third Reading Laid Over Daily - No Amendments · upper
14. Mar 28, 2023 Senate Third Reading Laid Over Daily - No Amendments · upper
15. Mar 27, 2023 Senate Third Reading Laid Over Daily - No Amendments · upper
16. Mar 24, 2023 Senate Third Reading Laid Over Daily - No Amendments · upper
17. Mar 23, 2023 Senate Second Reading Passed with Amendments - Floor · upper
18. Mar 20, 2023 Senate Second Reading Laid Over Daily - No Amendments · upper
19. Mar 17, 2023 Senate Second Reading Laid Over Daily - No Amendments · upper
20. Mar 14, 2023 Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the Whole · upper
21. Mar 3, 2023 Introduced In Senate - Assigned to Business, Labor, & Technology · upper
22. Feb 28, 2023 House Third Reading Passed - No Amendments · lower
23. Feb 27, 2023 House Second Reading Special Order - Passed with Amendments - Committee · lower
24. Feb 22, 2023 House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole · lower
25. Jan 30, 2023 Introduced In House - Assigned to Business Affairs & Labor · lower