Bill
Bill > S2989
NJ S2989
NJ S2989Makes certain for-profit debt adjusters eligible for licensing to conduct business in State.
summary
Introduced
09/22/2022
09/22/2022
In Committee
01/04/2024
01/04/2024
Crossed Over
06/26/2023
06/26/2023
Passed
01/08/2024
01/08/2024
Dead
Vetoed
01/16/2024
01/16/2024
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 eligible for licensing to conduct business in the state. It amends existing law to define "for-profit debt adjuster" and allow such entities to obtain a license to provide debt adjustment and credit counseling services, subject to certain requirements. The bill also establishes the commissioner's authority to set maximum fees that for-profit debt adjusters can charge for their services, and specifies that the state's debt adjuster law only applies to for-profit entities to the extent it does not conflict with applicable federal regulations.
Committee Categories
Business and Industry
Sponsors (12)
John McKeon (D)*,
Nellie Pou (D)*,
Annette Quijano (D)*,
Bob Singer (R)*,
Ralph Caputo (D),
John DiMaio (R),
Thomas Giblin (D),
Mila Jasey (D),
Gordon Johnson (D),
Angela Mcknight (D),
Erik Peterson (R),
Samuel Thompson (D),
Last Action
Pocket Veto - Bills not Acted on by Governor-end of Session (on 01/16/2024)
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/S2989 |
| Analysis - Statement ASL 1/4/24 1R | https://pub.njleg.gov/Bills/2022/S3000/2989_S3.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S3000/2989_R1.HTM |
| Analysis - Statement Senate 5/22/23 | https://pub.njleg.gov/Bills/2022/S3000/2989_S2.PDF |
| Analysis - Statement SCM 12/19/22 | https://pub.njleg.gov/Bills/2022/S3000/2989_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S3000/2989_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S3000/2989_I1.PDF |
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