Bill Text: FL S0628 | 2023 | Regular Session | Comm Sub

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Bill Title: Debt Management Services

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2023-05-01 - Laid on Table, companion bill(s) passed, see CS/HB 599 (Ch. 2023-206) [S0628 Detail]

Download: Florida-2023-S0628-Comm_Sub.html

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       Florida Senate - 2023                              CS for SB 628
       
       
        
       By the Committee on Banking and Insurance; and Senator Grall
       
       
       
       
       
       597-02912-23                                           2023628c1
    1                        A bill to be entitled                      
    2         An act relating to debt management services; amending
    3         s. 817.802, F.S.; increasing the maximum fee that may
    4         be charged for debt management services; providing an
    5         effective date.
    6          
    7  Be It Enacted by the Legislature of the State of Florida:
    8  
    9         Section 1. Subsection (1) of section 817.802, Florida
   10  Statutes, is amended to read:
   11         817.802 Unlawful fees and costs.—
   12         (1) It is unlawful for any person, while engaging in debt
   13  management services or credit counseling services, to charge or
   14  accept from a debtor residing in this state, directly or
   15  indirectly, a fee or contribution greater than $50 for the
   16  initial setup or initial consultation. Subsequently, the person
   17  may not charge or accept a fee or contribution from a debtor
   18  residing in this state greater than $120 per year for additional
   19  consultations or, alternatively, if debt management services as
   20  defined in s. 817.801(4)(b) are provided, the person may charge
   21  up to the lesser greater of 15 7.5 percent of the amount paid
   22  monthly by the debtor to the person or $75 $35 per month.
   23         Section 2. This act shall take effect July 1, 2023.