HB 24-1251 CO Became Law
Sunset Debt-Management Service Providers
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Summary
The act implements the recommendations in the 2023 sunset report by the department of regulatory agencies by: Continuing the regulation of debt-management service providers for 11 years, to 2035; Requiring a debt-management service provider to maintain records of the education provided to an individual; Requiring settlement agreements between a consumer and creditor to be in writing; and Requiring fees paid by debt-management service providers to be set administratively instead of through the rule-making process. APPROVED by Governor May 22, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
Sponsors (3)
- Marc Snyder Democratic · primary
- Javier Mabrey Democratic · primary
- Julie Gonzales Democratic · primary
Action history (15)
- May 22, 2024 Governor Signed · executive
- May 3, 2024 Sent to the Governor · executive
- May 2, 2024 Signed by the President of the Senate · upper
- May 2, 2024 Signed by the Speaker of the House · lower
- Apr 17, 2024 Senate Third Reading Passed - No Amendments · upper
- Apr 16, 2024 Senate Second Reading Special Order - Passed - No Amendments · upper
- Apr 16, 2024 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
- Apr 10, 2024 Senate Committee on Judiciary Refer Unamended to Appropriations · upper
- Mar 15, 2024 Introduced In Senate - Assigned to Judiciary · upper
- Mar 11, 2024 House Third Reading Passed - No Amendments · lower
- Mar 8, 2024 House Second Reading Special Order - Passed - No Amendments · lower
- Mar 8, 2024 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
- Feb 28, 2024 House Committee on Judiciary Refer Unamended to Appropriations · lower
- Feb 21, 2024 House Committee on Judiciary Witness Testimony and/or Committee Discussion Only · lower
- Feb 12, 2024 Introduced In House - Assigned to Judiciary · lower
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