summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to further regulate debt collection licensure. Consumer Protection and Professional Licensure.
AI Summary
This bill, known as the "Debt Collection Licensure Parity Act," aims to further regulate debt collection practices in Massachusetts. It amends the definition of "debt collector" to include any person or entity that purchases charged-off debt for collection purposes, even if they do not directly collect the debt themselves. The bill requires all debt collectors, including those who purchase charged-off debt, to obtain a license from the state commissioner before engaging in debt collection activities. It also allows affiliated debt collection companies to be licensed under a single license, subject to a single examination. The bill will take effect on January 1, 2020 and will not impact any debt collection actions, civil suits, or judgments entered prior to that date.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Accompanied a new draft, see H3949 (on 07/01/2019)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H205 |
| Bill | https://malegislature.gov/Bills/191/H205.pdf |
Loading...