Did not become law. It stopped in the House of Representatives's Banking Committee on February 19, 2009. The 2009 session has ended.
2009 Regular Session
House Bill 5907
AN ACT CONCERNING FORECLOSURE RESCUE AND DEBT REDUCERS.
What it does
The synopsis the General Assembly published with the bill.
To require individuals selling debt reduction services to (1) clearly describe in a contract the services to be provided, including an analysis of the consumer's debt; (2) provide consumers with a three-day right of cancellation; and (3) document all costs associated with the provision of debt reduction services to prohibit debt reducers from charging upfront or advance fees, to prohibit for-profit corporations from providing debt reduction services and to authorize the Banking Commissioner to investigate and reduce debt reducer fees that are excessive in relation to common industry fees and the financial benefit received by the consumer for such services.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
Its course
January 23 to February 19, 2009, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the House of RepresentativesJan 23 to Feb 19 · stopped27 days
Banking CommitteeJan 23 to Feb 19 · stopped27 days
Text
Each version as the General Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the General Assembly published it is below.
In the House of Representatives Jan 23 – Feb 19
- Jan 23Introduced and sent to Banking Committee
- Feb 19Heard in Banking Committee
All 2 actions, as published
- Jan 23REF. TO JOINT COMM. ONBoth houses
- Feb 19PUBLIC HEARINGBoth houses