summary
Introduced
07/01/2019
07/01/2019
In Committee
07/01/2019
07/01/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to debt collection licensure
AI Summary
This bill, known as the "Debt Collection Licensure Parity Act," amends the definition of "debt collector" in Massachusetts law to include companies that purchase charged-off debt for collection purposes. The bill requires these companies to obtain a license from the state commissioner before engaging in debt collection activities in the Commonwealth. It also allows affiliated debt collection companies to be covered under a single license and subject to a single examination. The bill does not affect the validity of any collection actions, civil actions, or judgments taken or entered prior to the bill's effective date, which is 120 days after its passage.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Joint Committee on Consumer Protection and Professional Licensure (J)
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 07/01/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H3949 |
| Bill | https://malegislature.gov/Bills/191/H3949.pdf |
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