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2011 SESSION

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SB 930 Debt management plan providers; exempts licensed certified public accountants or firms.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Debt management plan providers; licensure; exemption.  Provides that licensed certified public accountants and accounting firms engaging in usual and customary services performed on behalf of clients are not credit counselors, and thus are exempt from licensing requirements applicable to persons offering debt management plans.

SUMMARY AS INTRODUCED:

Debt management plan providers; licensure; exemption.  Exempts licensed certified public accountants from the requirement that persons offering debt management plans to consumers obtain a license to do so from the State Corporation Commission.