Legislative Tracker

StateBill #StatusDS License Currently Required
CaliforniaAB 1405Approved by Governor 10/4/2021Current California law is silent with respect to licensing requirements for companies that seek to provide debt settlement services within the state. Under the recently approved legislation, debt settlement companies would have to provide certain disclosures, making the requirements to provide such services analogous to obtaining a registration within the state.
IllinoisH.B.0104


S.B.2054
Referred to Committee 3/27/21

Referred to Committee 3/3/21
MarylandH.B.0128Sent to Executive
MassachusettsH.1051Referred to Committee on 3/29/21If your company claims to improve consumers’ credit, certain registration requirements may be required as set forth by Massachusetts statutory guidelines.
MinnesotaS.F.1391


H.F.2342


S.F.56

Second Reading 2/24/22

Second Reading 2/7/22

Referred to Rules and Administration 6/21/21
If your company is holding itself out as a third party to hold funds for distribution to creditors on behalf of debtors, certain registration requirements may be required.
New YorkA.3525Referred To Consumer Affairs And Protection 1/5/22If your company is not holding itself out as a third party to hold funds for distribution to creditors on behalf of debtors, a license may not be required at this time.
North CarolinaH76Referred to Committee 3/3/21If your company is not holding itself out as a third party to either alter payments to creditors or hold funds for distribution to creditors on behalf of debtors, a license may not be required at this time.
OhioS.B.211Referred to Committee 9/8/21