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2000 SESSION
SB 376 Nonprofit debt counseling agencies; fees and qualifications.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Nonprofit debt counseling agencies; fees and qualifications. Authorizes licensed nonprofit debt counseling agencies to be reimbursed for the cost of a credit report and actual bank charges for automatic account debiting for debt repayment. The maximum monthly fee is increased from five to 20 dollars. No person or organization outside the Commonwealth may offer its debt counseling services to persons in the Commonwealth without qualifying under State Corporation Commission standards and paying the applicable license fee. The bill also requires such agencies to provide the debtor with a separate written notice informing the debtor that the provision of debt pooling and distribution services may have a derogatory effect on the debtor's credit report and credit scores.
FULL TEXT
- 01/20/00 Senate: Presented & ordered printed 000023540 pdf
- 03/13/00 Senate: Bill text as passed Senate and House (SB376ER) pdf
- 04/18/00 Governor: Acts of Assembly Chapter text (CHAP0509) pdf
AMENDMENTS
HISTORY
- 01/20/00 Senate: Presented & ordered printed 000023540
- 01/20/00 Senate: Referred to Committee on Commerce and Labor
- 01/24/00 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 01/25/00 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/25/00 Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
- 01/26/00 Senate: Read second time and engrossed
- 01/27/00 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/27/00 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 01/27/00 Senate: Communicated to House
- 02/01/00 House: Placed on Calendar
- 02/01/00 House: Read first time
- 02/01/00 House: Referred to Committee on Corporations, Insurance and Banking
- 02/22/00 House: Reported from Corp., Ins. & Banking (24-Y 1-N)
- 02/23/00 House: Read second time
- 02/24/00 House: Passed by for the day
- 02/25/00 House: Read third time
- 02/25/00 House: Amendment by Del. Suit agreed to
- 02/25/00 House: Engrossed by House as amended
- 02/25/00 House: Passed House with amendment (87-Y 10-N)
- 02/25/00 House: VOTE: PASSAGE (87-Y 10-N)
- 02/29/00 Senate: Reading of amendment waived
- 02/29/00 Senate: House amendment agreed to by Senate (37-Y 0-N)
- 02/29/00 Senate: VOTE: CONCUR HOUSE AMENDMENT (37-Y 0-N)
- 03/13/00 Senate: Bill text as passed Senate and House (SB376ER)
- 03/16/00 Senate: Enrolled
- 03/16/00 House: Signed by Speaker
- 03/17/00 Senate: Signed by President
- 04/06/00 Governor: Approved by Governor-Chapter 509 (effective 7/1/00)
- 04/18/00 Governor: Acts of Assembly Chapter text (CHAP0509)