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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

HSB 603: Relating to debt management programs, services, fees, and licensee requirements

Became HF 2326 · Its progress continues under the new number.

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.

Sponsors

Not listed

Cost

No fiscal note

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
  2. January 22, 2026House subcommittee named: Lawler, McBurney and Nordman
  3. January 29, 2026Subcommittee recommended passing it
  4. February 4, 2026Approved by the House committee
  5. February 4, 2026Committee vote: 17–6
  6. February 6, 2026Approved by the House committee, and given a new number: HF 2326

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/HSB603