Bill
Bill > A1739
NJ A1739
NJ A1739Makes certain for-profit debt adjusters eligible for licensing to conduct business in State.
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/04/2024
01/04/2024
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Makes certain for-profit debt adjusters eligible for licensing to conduct business in State.
AI Summary
This bill makes certain for-profit debt adjusters, which are entities that help individuals manage their debts without holding or disbursing consumer funds, eligible for licensing to conduct business in the state, provided they comply with applicable federal regulations. The bill exempts for-profit debt adjusters from certain requirements that apply to nonprofit debt adjustment agencies, such as the need to be bonded and provide annual financial audits. The bill also authorizes the state Commissioner of Banking to establish maximum fees that for-profit debt adjusters can charge consumers for debt adjustment and credit counseling services.
Committee Categories
Business and Industry
Sponsors (15)
Vicky Flynn (R)*,
John McKeon (D)*,
Annette Quijano (D)*,
Clinton Calabrese (D),
Ralph Caputo (D),
Rob Clifton (R),
Chris DePhillips (R),
John DiMaio (R),
Thomas Giblin (D),
Shama Haider (D),
Mila Jasey (D),
Angela Mcknight (D),
Pedro Mejia (D),
Erik Peterson (R),
Kevin Rooney (R),
Last Action
Substituted by S2989 (1R) (on 01/08/2024)
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://www.njleg.state.nj.us/bill-search/2022/A1739 |
| BillText | https://pub.njleg.gov/Bills/2022/A2000/1739_R1.HTM |
| Analysis - Statement ASL 1/4/24 | https://pub.njleg.gov/Bills/2022/A2000/1739_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A2000/1739_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A2000/1739_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A2000/1739_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A2000/1739_I1.PDF |
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