DEBT MANAGEMENT LICENSE & FEES

Where it is in the process

Plain-English Summary

Amends the Debt Management Service Act. Provides that every applicant for a license to engage in the debt management service business in the State shall submit to the Secretary, at the time of the application for a license, a bond to be approved by the Secretary in which the applicant shall be the obligor, in the sum of $50,000 (rather than $25,000) or the specified amount. In provisions concerning fees or penalties that may be charged by a debt management service provider, permits the charging …

Source: OpenStates · fetched July 2, 2026

Votes

Sponsorship · 4 Sponsors

Democrat4Republican0Independent0Other0

D · PrimeDaniel Didech
D · CoJustin Cochran
D · CoJawaharial Williams
D · PrimeDon Harmon

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