Bill > HB05127

This bill, effective January 1, 2027, aims to protect consumers by regulating how health and veterinary care providers interact with third-party financing options, such as medical credit cards. Specifically, it prohibits providers from advertising, marketing, or soliciting these financial products to consumers, receiving any payment for doing so, or assisting consumers in obtaining them. Providers are also forbidden from charging a third-party financing account for services before they are rendered or for ancillary products (items sold alongside medical or veterinary services, excluding food for animals) unless the consumer separately agrees to the purchase in writing and receives a receipt. In cases where a provider discusses the terms of third-party financing with a consumer, they must provide a detailed written disclosure explaining that it's a loan from an external lender, not a payment plan with the provider, and outlining potential risks like interest charges, penalties, and damage to credit scores, along with instructions on how to file a complaint if the provider improperly assists with applications. Furthermore, providers must accept returns and provide full refunds for ancillary products purchased with third-party financing within thirty days, unless the product is customized or has been used, damaged, or improperly stored. Violations of these provisions will be considered unfair or deceptive trade practices and will be enforced by the Attorney General.