MA H1077

Bill

Relative to consumer protection following a bankruptcy

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd 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 provide consumer protection following bankruptcy. It requires financial or consumer lending institutions that report credit transactions to major credit reporting agencies to also report any payments made by the consumer on reaffirmed debts after the consumer's bankruptcy filing. If the debt was not reaffirmed but the account remained active, the institutions must report the number of months elapsed since the bankruptcy filing and the number of payments made by the consumer during that period. Institutions that fail to comply with these requirements may be liable for actual damages, punitive damages, court costs, and attorney's fees, and may also be subject to fines enforced by the Attorney General.

Committee Categories

Business and Industry

Sponsors (3)

Lori Ehrlich (D)*, Brian Murray (D), Dave Robertson (D),

Last Action

Accompanied a study order, see H5165 (on 09/12/2022)

Official Document

https://malegislature.gov/Bills/192/H1077

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H1077
Bill	https://malegislature.gov/Bills/192/H1077.pdf

Bill	Bill Name	Last Action	Type
H1188	To protect consumers in the issuance of automobile insurance policies and bonds	Accompanied a study order, see H5003	Similar To
H5165	Study Order	No further action taken	Replaced by
S178	Providing consumers with equal protection for all real estate appraisals	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S180	Relative to consumer protection on online automobile franchise transactions	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S191	Relative to unsolicited loans	Accompanied a study order, see S2666	Similar To
S2146	Promoting net neutrality and consumer protection	Accompanied a study order, see S2715	Similar To
S2695	Relative to pharmaceutical access, costs and transparency	No further action taken	Similar To
S642	Empowering health care consumers	Accompanied a study order, see S2917	Similar To

Bill > H1077

MA H1077

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

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