HF 2326: Relating to debt management programs, services, fees, and licensee requirements

What it does

This bill relates to debt management, services, fees, and licensee requirements. Under current law, if a debt management program (program) is based on a model which requires a licensee to receive money or evidences thereof from a debtor to distribute to the debtor’s creditors, the licensee who receives the money for distribution shall maintain a separate bank trust account in which all payments received from the debtor for the benefit of creditors shall be deposited and shall remain until a remittance is made to either the debtor or the creditor.

House subcommittee · named January 22, 2026

• Rep. Judd Lawler (R) · judd.lawler@legis.iowa.gov
• Rep. Larry McBurney (D) · larry.mcburney@legis.iowa.gov
• Rep. Carter F. Nordman (R) · carter.nordman@legis.iowa.gov

Lobbying · 2 for, 1 against

For: Americans For Prosperity; Association for Consumer Debt Relief c/o MultiState Associates LLC

Against: Iowa Division of Banking

In plain words

1. January 22, 2026Filed in the House and sent to the Commerce committee · as HSB 603
2. January 22, 2026House subcommittee named: Lawler, McBurney and Nordman · as HSB 603
3. January 29, 2026Subcommittee recommended passing it · as HSB 603
4. February 4, 2026Approved by the House committee · as HSB 603
5. February 4, 2026Committee vote: 17–6 · as HSB 603
6. February 6, 2026Filed in the House
7. February 6, 2026Approved by the House committee, and given a new number: HF 2326 · as HSB 603
8. April 1, 2026Passed the House, 90–2
9. April 2, 2026Arrived in the Senate