House District 3

Representative Anne McGihon
Uniform Debt Management Services Act

Uniform Debt Management Services Act

Bill Number

HB06-1280

Bill Originated

House

Bill Sponsors

Anne McGihon

Bill Status

The bill is up for 2nd reading.

Bill Summary

This is an important reform of how consumer credit companies do business that has support from the old-fashioned and effective Consumer Credit Counseling organizations, as well as creditors, such as bankers, credit unions and other credit companies. The bill requires that companies that take a consumer's money in order to help them pay debt must actually help get that debt paid. It also limits fees and payments to these companies.