MA H965

Bill

Relative to consumer protection following a bankruptcy

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to the reporting of credit transactions of consumers by financial or consumer lending institutions following bankruptcies. Financial Services.

AI Summary

This bill aims to protect consumers following a bankruptcy by requiring financial or consumer lending institutions to report certain credit transaction information to major credit reporting agencies. The key provisions include: 1. Financial or consumer lending institutions must report to credit reporting agencies any payments made by consumers on reaffirmed debts after the consumer's bankruptcy filing. 2. For debts that were not reaffirmed, the institutions must report the number of months elapsed since the bankruptcy filing and the number of payments made by the consumer during that time. 3. Institutions that fail to comply with these reporting requirements can be liable for actual damages, punitive damages, and attorney's fees. They may also be subject to fines enforced by the Attorney General. The bill defines important terms like "consumer," "financial or lending institution," and "reaffirmed debt" to provide context and clarify the scope of the legislation.

Committee Categories

Business and Industry

Sponsors (5)

Lori Ehrlich (D), David LeBoeuf (D), Brian Murray (D), Denise Provost (D), José Tosado (D),

Last Action

Accompanied a study order, see H5160 (on 12/01/2020)

Official Document

https://malegislature.gov/Bills/191/H965

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H965
Bill	https://malegislature.gov/Bills/191/H965.pdf

Bill	Bill Name	Last Action	Type
H1094	To protect consumers in the issuance of automobile insurance policies and bonds	Accompanied a study order, see H5160	Similar To
H1628	Relative to social media privacy protection	Accompanied a new draft, see H3695	Similar To
H332	Providing security to consumers for purchases from certain vendors	Accompanied a study order, see H5043	Similar To
H3695	Relative to social media privacy protection	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H3966	To clarify the Consumer Protection Act	Accompanied a study order, see H5043	Similar To
H5160	Study Order - payments and insurance	Discharged to the committee on House Rules	Replaced by
H54	Enhancing consumer protection with respect to unclaimed property	Accompanied a study order, see H5081	Similar To
H957	To protect consumers from surprise billing	Accompanied a study order, see H5160	Similar To
S120	Relative to consumer data privacy	Accompanied a study order, see S2534	Similar To
S185	Relative to mobile wireless contracts and agreements	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S1936	Promoting net neutrality and consumer protection	Accompanied a study order, see S2552	Similar To
S2409	Relative to pharmaceutical access, costs and transparency	Read; and referred to the committee on House Ways and Means	Similar To

Bill > H965

MA H965

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

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