Bill > HB433

This bill exempts property managers from needing a license to operate as a collection agency when they collect rent, utility payments, or fees from residential tenants on behalf of a property owner, provided that these collections occur only during the lease term or a holdover period, and that debt collection is not the primary purpose of the property manager's business concerning that property. A collection agency is generally defined as a person who does business collecting debts for others, and this bill amends existing law to create a specific exception for property managers under these defined circumstances, with the new provisions taking effect on October 1, 2026.